News on Medial

Race on: Renewable energy firms vie for top sites to build pumped storage plants

Livemint · 1y ago

Medial

India's top renewable energy companies, including Adani Green Energy, JSW Energy, and Tata Power, are competing to secure suitable sites for hydropower plants across the country. Pumped energy storage plants are gaining importance as renewable energy's share in India's power consumption increases. However, suitable locations for these plants are scarce. These plants work as giant batteries, helping balance power availability and supply. Companies such as JSW Energy and Adani Green have already secured significant pumped storage sites, while Tata Power is constructing projects in Maharashtra. India aims to have 27GW of pumped storage capacity by 2032, requiring considerable investment.