India's Battery Storage Capacity Expected to Surge Nearly 50-Fold by 2032
Source Summary
India's battery energy storage systems (BESS) capacity is projected to reach 302 gigawatt-hours (GWh) by fiscal year 2032, up from 6.3 GWh currently, according to a Nuvama report. This represents a compound annual growth rate of 91% and reflects the expansion of renewable energy installations across the country. Annual battery storage installations are expected to nearly double each year through 2032.
Why it matters
Rapid battery storage expansion is critical to India's renewable energy transition, enabling grid stability and energy security as the country scales up solar and wind capacity.
