Energy Storage News•10 days ago
India’s biggest solar manufacturer Waaree raises funds toward 20GWh energy storage factory
Key Takeaway
Waaree's massive 20GWh energy storage manufacturing investment in India will significantly boost domestic supply, potentially lowering costs and accelerating battery storage deployment for developers and large power consumers.
AI Summary
- •Waaree Energies' subsidiary has secured INR10 billion (US$110.9 million) to establish a 20GWh energy storage manufacturing plant in India.
- •This new domestic manufacturing capacity is expected to increase the supply of battery energy storage systems, potentially leading to lower costs and reduced lead times for projects in the region.
- •For developers and large power consumers, this signifies enhanced availability and potentially faster deployment of grid-scale and behind-the-meter battery storage solutions, reducing reliance on imports.
Topics
financingoempolicysolarstorage