To date, the National Thermal Power Corporation (NTPC) Ltd has installed roughly 1 GW of renewables in India. NTPC is planning several projects including floating solar and battery storage projects nationwide.
Mahindra Susten won the auction for 20 MW/28MWh with the final all-in price of INR 2.99 billion ($46 million).
This is the third instance where an energy storage project has been cancelled in India, after MNRE EoL and SECI’s derailed projects in 2014 and 2016 respectively.
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