India is setting up a first-of-its-kind standalone renewable battery power bank envisaging an investment of Rs 2,000 crore to make green energy available on tap for discoms and grid operators during peak demand, but spike in prices of lithium — a key ingredient for making batteries — and supply chain disruptions due to the Russia-Ukraine conflict may weigh on industry response.
According to the tender floated by SECI (formerly Solar Energy Corporation of India Ltd), the government entity implementing India’s solar and wind energy plans, earlier this week, the project will have storage capacity to supply 500MW for two hours, or 1,000MWh (mega watt hour), the renewable energy ministry said in a statement on Saturday.
