India battery storage auction volume surges while winning bids plummet 86%

India's battery storage tenders more than tripled in 2025 compared to the prior three years, but plummeting bid prices and questions about real demand signal a market divergence between headline capacity and actual deployment needs.

First covered Oct 14, 2026 · 9:00 PM PT · 1 article · no longer in the live window

India battery storage auction volume surges while winning bids plummet 86% — Image via pv-magazine.com

Coverage

27d PV Magazine Pricing India’s storage demand gap — India tendered more battery storage in 2025 than in the previous three years combined. Winning bids for these projects have fallen roughly 86% since the…

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Appeared in: 2026-10-15 (#1)

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