There will be more projects related to solar energy and energy storage in India.

Sterling and Wilson Renewable Energy Limited Secures Major Contract for 1000 MWh Battery Energy Storage System (BESS) in Rajasthan, India

India’s Energy Storage Systems Gaining Momentum
In a recent announcement, Sterling and Wilson Renewable Energy Limited revealed its new contract to design, procure, install, test, and commission a standalone 1000 MWh Battery Energy Storage System (BESS) in Rajasthan, India.

India has been making strides in advancing its energy storage systems. According to recent data for Q1 2024, the installed capacity of BESS in the country is currently around 219 MW. However, under the “National Energy Plan” developed by the Central Electricity Authority, the demand for energy storage capacity is projected to reach 82.37 GWh by 2026-27, including 47.65 GWh from pumped storage plants and 34.72 GWh from BESS. With this new contract, Sterling and Wilson Renewable Energy Limited has a significant opportunity to establish itself as a key player in the rapidly growing Indian BESS market.

One of the Largest BESS Projects in the Region
It is no secret that many countries view BESS technology as a critical tool for addressing grid security challenges. The global BESS market is forecasted to grow at a compound annual growth rate (CAGR) of approximately 33% through 2030. The new project secured by Sterling and Wilson Renewable Energy Limited, with a capacity of 1 GWh, represents the largest of its kind in India and one of the few GWh-scale projects globally in a single location. The project is scheduled for completion by the end of 2025.

Amit Jain, CEO of the company, commented:
“As we’ve observed over the past 12–18 months, India has seen numerous tenders, bids, and projects related to both standalone and hybrid energy storage. This win reflects our internal capabilities and expertise in energy storage and engineering, providing us with a significant edge in a market poised for substantial growth in the near future.”

An integral component of this investment is also a 20 MW floating solar panel system in Karnataka.

Source: pv-magazine-india.com