India approves US$19.3 billion Green Energy Corridor Phase III with 50GWh BESS
India’s Union Cabinet approves a US$19.3 billion Green Energy Corridor, including US$5.2 billion for battery energy storage. The plan allocates 50GWh of storage through FY2032-33.
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Why it matters
The approval commits substantial funding and storage capacity to India’s energy infrastructure, making it a major development for the country’s power and battery sectors.