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November

Renewable Energy

Part of ACC battery PLI sops may go to supporting renewable energy

[Source - The Economic Times , 17 November 2023]

Author

Ruchita Shah

Notable because

Recently, the Ministry of Heavy Industries announced that 20 GWh of the PLI scheme for ACC battery manufacturing, approved in May 2021, will be retendered. It is expected that half of it may be dedicated to supplementing RE capacity addition. Given that, 208 GWh of battery energy storage (BESS) would be required to support ~400 GW of projected solar and wind installations by 2030. This move could be instrumental in fulfilling India's BESS demand domestically.

What to look out for in the months ahead

Will it prompt the government to launch an exclusive PLI scheme for manufacturing grid-scale BESS?

Others Insights From This Month

Renewable Energy

Part of ACC battery PLI sops may go to supporting renewable energy

Notable because

What to look out for in the months ahead

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