Neutral impactEconomy
India may need over ₹4 lakh crore investment in energy storage by FY32: Report
BusinessLine 1 hr ago·28 Sept 2026, 9:37 am
A recent report highlights a massive funding gap for India's energy storage sector. To meet its renewable energy targets, the country may require over ₹4 lakh crore in investments by the financial year 2031-32. This surge in demand is being driven by the need to store renewable power and manage the intermittency of solar and wind energy, which are becoming the backbone of the nation's power grid.
This development is significant for the broader market as it signals a major structural shift in the energy landscape. Investors should watch for increased activity in the power transmission and storage infrastructure space. The push for a cleaner grid is likely to drive growth opportunities for companies involved in grid modernization and energy management solutions in the coming years.
Excerpt from BusinessLine
India’s shift towards renewable power is expected to create a major requirement for energy storage, with over Rs 4 lakh crore of storage-related investment estimated to be needed by FY32, according to CareEdge Ratings. The report said India’s power sector is moving from a challenge of adding generation capacity to a…Read the original at BusinessLine
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