Utility Scale Storage

Hybrid and storage integration, rising corporate demand, and increased use of digital tools are defining the next phase of India’s renewable energy market. Developers that combine execution excellence with storage innovation, digital intelligence, and corporate partnerships will set the pace of growth, says Shantanu Upasani, Director – Construction, ENGIE India.

ACME Solar Holdings Ltd has secured a 25-year Power Purchase Agreement (PPA) with the Tata Power Co. Ltd (Tata Power-D) for its 50 MW Firm and Dispatchable Renewable Energy (FDRE) project.

Sunsure Energy, founded in 2014, has evolved from a solar developer into a clean energy solutions provider delivering integrated power solutions across solar, wind, and battery storage. Kartikeya Sharma, co-founder and chief business officer at Sunsure, speaks to pv magazine on the key trends reshaping India’s renewable energy landscape, the rising role of battery storage, and Sunsure’s plans for the market.

Solar Energy Corp. of India Ltd’s (SECI) tender for 2 GW of solar PV projects coupled with a 1 GW/4 GWh energy storage system has yielded a lowest tariff of INR 2.86/kWh. The auction saw participation from several new entrants in the sector, with Shivalaya Construction Ltd securing the largest slice of 600 MW.

TACC will use the INR 1,230 crore credit facility secured from the State Bank of India to fund its lithium-ion battery grade graphite anode facility with a capacity of 20,000 mtpa in Dewas, Madhya Pradesh.

BluPine Energy will develop a renewable energy project coupled with energy storage system to supply firm renewable power during peak hours daily under a 25-year power purchase agreement.

ReNew Energy Global Plc has announced that it has received a best and final non-binding buyout proposal from Masdar, CPP Investments, the Abu Dhabi Investment Authority, and Sumant Sinha. The offer of $8.15 per share represents an increase of $1.08 per share, or 15.3%, from the initial non-binding proposal dated December 10, 2024.

The BC Jindal Group, a diversified business conglomerates with over INR 18,000 crore turnover, has reached a renewable energy order book of INR 6,500 crore so far in FY26, with more projects in the pipeline.

Industry players speak to pv magazine about whether China’s decision to tighten export controls on key minerals and technologies for lithium batteries will cause a short-term disruption or lead to a long-term strategic realignment of the global supply chain.

The world is projected to retire over 11 million tonnes of lithium-ion batteries each year by 2030. India may contribute nearly 2 million tonnes by 2030, not only due to electric vehicles, but also because of an exponential level of consumption of consumer electronics and stationary storage.