News

Project

Staff Reporter

, India

Published:

8 months ago

115 views

Photo by Eva Bronzini from Pexels.

India's pumped storage capacity to surge to 55 GW by 2031-2032

Around 2.5 GW are under construction.

The pumped storage capacity of India is expected to reach around 55 gigawatts (GW) by 2031 to 2032 from the current 4.7 GW, according to the Ministry of Power.

India has around 2.5 GW of pumped storage capacity under construction.

Around 50 GW of other similar projects are under different stages of development according to the ministry.

ALSO READ: India’s hydroelectric firm to invest in 750 MW pumped hydro storage project

“Given the ongoing energy transitions in the country, the development of Pumped Storage Projects (PSPs) assumes importance for providing greater inertia and balancing power to the grid. PSPs are also known as ‘the Water Battery’, which is an ideal complement to modern clean energy systems,” it said.

India, which aims to reach 500 GW of non-fossil fuel generation capacity by 2030 has 157.32 GW of renewables capacity, accounting for 40.1% of the total electricity capacity.

Also Read

India sees record renewable installations under GEOA

Malaysia’s VCI Global to acquire solar farm in North Macedonia

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Costly modules drag India's solar deployment

This has led to a shortfall in the rollout.

1 day ago

Global solar and wind energy capacity to reach new record in 2025

They will be critical in energising emerging sectors such as data centres.

1 day ago

India's offshore wind faces 12-year wait for grid parity

The VGF scheme may not be enough to fill the gap.

1 day ago

India’s VGF scheme enough to fund Indian BESS deployment

The country was urged to accelerate the distribution of funding available.

Lending & Credit

1 day ago

Exclusives

Cambodia urged to rethink its costly LNG ambitions

It should learn from peers who struggle to fuse the costly fuel into their energy systems.

Power Utility

3 days ago

Trump 2.0 could thump India's solar ambition

Its solar companies may need to set up manufacturing plants in the US to bypass tariffs.

3 days ago

Oracle Power in talks for $1.4b financing of hybrid RE plant in Pakistan

The 1.3 GW wind and solar plant may start supplying power to 1.2 million houses by 2028.

Project

Clean power must meet Asian demand amidst fading coal investment

Weaning the region off coal is a challenge, with rising electricity requirements.

Lending & Credit

Event News

Co-Written / Partner Sarawak Energy recognised with five honours at the Asian Power Awards 2024

Malaysia’s largest renewable energy developer received recognition for its digital transformation in power generation and advancements in sustainable hydropower development.