India Approves INR 1.86 Trillion Grid and Storage Program
India's cabinet approved a renewable energy program valued at INR 1.86 trillion, or USD 19.42 billion, to upgrade existing grids and add storage capacity, according to the country's information minister cited by Investing.com.
The package includes an INR 1.36 trillion plan to strengthen transmission systems within Indian states, according to a government statement reported by Investing.com. That transmission work will enable the evacuation of up to 135 GW of clean energy.
India also announced an INR 500 billion incentive plan to install 50 GWh of battery energy storage systems, according to Investing.com.
Source: ng.investing.com (opens in a new tab)2 sourcesPermalink