India Battery Energy Storage Projects

under development

India is developing approximately 260 gigawatt-hours of battery energy storage capacity. The projects face financial viability challenges due to rising costs of essential materials like lithium, copper, and aluminum, compounded by removal of export incentives by China. Aggressive bidding has pushed tariffs to record lows, threatening project completion and financial sustainability. The State Bank of India and industry players have expressed concerns about the viability of projects awarded at ultra-low tariffs, emphasizing the need for realistic tariff structures to ensure timely construction and sector health.