Storage: New challenge for renewables

Implementation of storage for India's green transition clearly emerges as the new challenge for the renewables vision

Renewables accounted for a remarkable 83 per cent of the world’s power generation capacity addition in 2022, spearheaded by wind and solar. However, the mainstreaming of renewables has cast the spotlight on their inherent challenges — that they are intermittent and variable. The solution is energy “storage”, which is set to grow at 23 per cent per annum. While China and the US are expected to drive around 60 per cent of these additions, India presents an intriguing scenario. Despite being projected to have the world’s third-largest renewable energy capacity by 2030, India is likely to be fifth in terms