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Jan 05, 2025
India's renewable energy capacity has surpassed 200 GW. The country plans to reach 500 GW by 2030. Investments will double to USD 32 billion by 2025. Green hydrogen policies, and improvements in energy storage and infrastructure are key areas of focus. Pilot projects and public-private partnerships are essential for the growth of the sector.
Energy storage projects will become central in the renewable energy sector with more green capacity, supportive policies, financial incentives, lower battery prices, and rising demand. Battery prices are decreasing, and India is working on battery energy and pumped hydro storage policies. By 2032, India aims to be a market leader in the energy storage sector.