Energy Storage News•10 days ago
India’s biggest solar manufacturer Waaree raises funds toward 20GWh energy storage factory
- •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.
financing