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Sterlite Power Grid Ventures Ltd.
, one of India's largest private transmission companies, estimates that the investment demand in India's grid-connected energy storage market will reach $35 billion over the next decade to support the government's renewable energy development goals
.
Pratik Agarwal, the company's chief executive, said in an interview in New Delhi that he expects the central and state governments to issue tenders
for battery energy storage projects with a total of gigawatt capacity by the end of next year.
"We're very keen as transmission companies to get into this space," said Pratik Agarwal, who submitted bids
for two projects in the U.
S.
in February.
India's Central Electricity Authority said in a report released last month that India is expected to have 34 gigawatts of battery storage capacity
by 2030.
Sterlite Power Grid Ventures Ltd.
, one of India's largest private transmission companies, estimates that the investment demand in India's grid-connected energy storage market will reach $35 billion over the next decade to support the government's renewable energy development goals
.
Pratik Agarwal, the company's chief executive, said in an interview in New Delhi that he expects the central and state governments to issue tenders
for battery energy storage projects with a total of gigawatt capacity by the end of next year.
"We're very keen as transmission companies to get into this space," said Pratik Agarwal, who submitted bids
for two projects in the U.
S.
in February.
India's Central Electricity Authority said in a report released last month that India is expected to have 34 gigawatts of battery storage capacity
by 2030.
