What is India's energy budget?

[i] India expanded its energy budget to $8.2 billion from $6.6 billion in the previous fiscal year (Figure 1). As a share of the total budget, it is close to the previous year, around 1.4 percent.

How big is India's battery energy storage system?

India’s total Battery Energy Storage System (BESS) capacity reached 219.1 MWh as of March 2024, according to Mercom India Research’s newly released report, India’s Energy Storage Landscape.

When did India start adding energy storage capacity?

India began adding energy storage capacity in 2013 with small pilot projects. By March 2024, the country’s cumulative installed energy storage capacity reached 219.1 MWh (~111.7 MW), with 120 MWh (40 MW) added in the first quarter of 2024 alone.

Which energy storage system is most popular in India?

Solar photovoltaic (PV) and battery energy storage systems (PV + BESS) comprised 90.6% of the total installed capacity. “India is an emerging market for energy storage, still in the early stages of development.

How has the Union Budget 2025 shaped India's green energy sector?

The Union Budget 2025 continues to provide momentum to India’s clean energy transition, driving towards a low-carbon, energy-secure future. In this piece, we highlight the key features of the Union Budget 2025 and also explore the key trends from previous Union Budgets, examining how they have provided direction to India’s green energy sector.

Is India a good market for energy storage?

“India is an emerging market for energy storage, still in the early stages of development. Despite rapid growth in renewable energy, energy storage has lagged, which could potentially lead to curtailment and a lack of grid flexibility and stability. The urgency seen in renewable energy initiatives has been missing in energy storage.