India seeks 6,000 MW of peak renewable power supply with storage
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 28 2024
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Should l Buy ?
Source: Reuters
India's Renewable Energy Initiative: India is inviting bids for 6,000 MW of renewable energy with storage to ensure peak-hour supply, aiming to connect 35 GW of solar and wind capacity by March 2025 and increase non-fossil power capacity to 500 GW.
Recent Capacity Growth: From April to August, India added 10 GW of renewable capacity, bringing the total to approximately 153 GW, with expectations for numerous battery-linked storage projects in the future.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
