Battery storage tariffs in India are expected to rise as escalating input costs make ultra-low-priced projects increasingly difficult to sustain, developers and lenders said on Wednesday, warning that the sector may need a tariff reset to ensure long-term viability.
India is rapidly expanding battery energy storage systems to support round-the-clock renewable power, with around 260 gigawatt-hours (GWh) of projects currently at various stages of development. But the sharp rise in battery prices is threatening the economics of projects awarded at aggressively low tariffs over the past two years.
