India's Renewable Energy Soars, But Grid & Storage Are Next Big Hurdles

• India's renewable energy sector is set for sustained acceleration, aiming for 500 GW by 2030 with 40-45 GW annual additions.
• Traditional bottlenecks like land acquisition and financing are easing, with strong investor interest and capital availability.
• Grid connectivity, transmission capacity, and intermittency are emerging as major challenges for the next phase of growth.
• Strengthening transmission networks and deploying flexible resources like battery and pumped storage are crucial for stability.
• Despite lower nominal returns, stable cash flows and PPA-backed projects attract significant investment, while fossil fuels face rising risks.

Why It Matters: India's renewable energy growth is strong, but grid and storage infrastructure are critical for future success.