According to foreign media reports, India solar energy company (SECI) launched a 150MW/500MWh project in Kerala recently. Energy storage project bidding.

The tender was issued by India solar energy company (SECI), a state-owned enterprise managed by India's Ministry of new energy and renewable energy (MNRE). The deadline for bidding was February 4, 2025.

This tender is aimed at a single site battery energy storage system and will be supported by the feasibility gap fund (VGF) provided by the Indian government. According to the federal budget of the Indian government from 2023 to 2024, VGF will provide financial support for the independent deployment of 4GWh battery energy storage system, accounting for 40% of the total capital expenditure required by the project.

According to India's national power plan, India needs 74GW/411GWh energy storage by 2032. Among them, pumped storage will reach 175.18GWh and electrochemical energy storage will reach 236.22GWh to ensure stable supply of renewable energy.

TrendForce Jibang consulting analysts said that the current energy storage deployment in India is still in the early stage, with limited installed capacity. In the early stage, small industrial and commercial energy storage was mainly used. Driven by policies such as subsidies and government-led bidding, large-scale new energy distribution and storage (power supply side) and grid-side projects are expected to accelerate the release, which will become the main scene for the deployment of energy storage projects in India.