India to offer $455m in incentives for battery storage projects: sources

India to offer $455m in incentives for battery storage projects: sources

India Gate. Photo: Abhidev Vaishnav/unsplash

India will offer 37.6 billion rupees ($455.2 million) in incentives to companies setting up battery storage projects totaling 4,000 megawatt hours (MWh) under a scheme announced earlier this year, two government sources said.