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Is India's energy storage landscape based on solar PV projects?

The research and analysis firm, a subsidiary of Texas, US-headquartered Mercom Capital Group, wrote in its new report, ‘India’s Energy Storage Landscape’, that 90.6% of those deployed systems are paired with solar PV projects.

Which state-owned solar energy company is launching a Bess plant in India?

The state-owned Solar Energy Corporation of India (SECI) announced its commissioning in February, and India’s prime minister, Narendra Modi, visited the plant for its official inauguration, as reported by . It meant that Chhattisgarh, in central India, was home to 54.8% of India’s total installed utility-scale BESS capacity.

Why did NTPC buy a 700MW solar energy project?

In October 2024, JSW Energy Thirteen, a subsidiary of JSW Energy, finalised a power purchase agreement with NTPC for a 700MW solar energy project. This strategic decision was in line with JSW Energy’s plan to grow its renewable energy assets and contribute to India’s overall objectives for energy transition.

Will Sumitomo enter India's Corporate Power Purchase Agreement landscape?

With an investment of 100bn yen ($712m), the new company indicates Sumitomo’s entry into India’s corporate power purchase agreement (PPA) landscape. The partnership aims to address the country’s rising energy needs through renewable sources, marking Sumitomo’s entry into India’s corporate PPA market.

How much solar power does India have in 2024?

In fiscal year 2024, India has more than trebled utility-scale renewables tender capacity to 69.8GW, 48% of which from solar PV.

Which state has the most solar PV installations in India?

Meanwhile, Rajasthan—which Mercom noted in April was the leading Indian state for solar PV deployments with 29% of total installed cumulative capacity by the end of Q1, as reported by our colleagues at PV Tech —accounted for more than 61% of the pipeline of planned BESS installations.