Live Updates > Live Update Details
2026-11-05 12:00:26
[India to allocate 145 billion rupees to subsidize 92 gigawatt-hour energy storage construction, aiming for 411 gigawatt-hours by fiscal year 2031-32] (1) Indian Information Minister Ashvini Vishnaw told reporters in New Delhi on Wednesday that India will allocate 145 billion rupees (approximately US$1.5 billion) to subsidize the construction of 92 gigawatt-hours (GWh) of energy storage capacity. (2) The subsidy aims to better utilize India’s rapidly expanding renewable energy generation facilities and transmission grid. (3) This financial support program will continue until 2031 and aims to help energy storage companies get started in this emerging market. (4) Currently, India’s energy storage capacity is approximately 54 gigawatt-hours, but the government aims to reach 411 gigawatt-hours by fiscal year 2031-32.
