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The Economic Times
The Economic Times
Business

India may need over Rs 4 lakh crore investment in energy storage by FY32: Report

India CareEdge Ratings Electricity Renewable Energy

New Delhi: India's shift towards renewable power is expected to create a major requirement for energy storage, with over Rs 4 lakh crore of storage-related investment estimated to be needed by FY32, according to CareEdge Ratings.

The report said India's power sector is moving from a challenge of adding generation capacity to a new challenge of integrating increasing renewable capacity into the electricity system.

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