India’s renewable energy sector is set to experience ‘transformational’ growth between 2027 and 2030, as new hybrid solar and battery storage projects come on stream, a new report by GlobalData has suggested.
According to the report, India Power Market Trends and Analysis by Capacity, Generation, Transmission, Distribution, Regulations, Key Players and Forecast to 2035, an increase in utility-scale tenders that combine solar photovoltaic generation with battery energy storage systems is leading the ‘next big wave’ in India’s clean energy strategy.
As GlobalData noted, these hybrid projects are set to play an increasingly important role in improving grid flexibility and ensuring daytime solar peaks can meet evening consumer demand.
Hybrid power
“Hybrid power is no longer experimental in India – it’s becoming mainstream,” commented Attaurrahman Ojindaram Saibasan, power analyst at GlobalData.
“Solar plus battery tenders are increasing not just in volume, but in importance; they reduce revenue risk, improve grid flexibility, and help avoid costly curtailment in a sector growing by hundreds of GW. To sustain this momentum, auction design, grid readiness, and regulatory certainty must improve.”
Earlier this year, the Solar Energy Corporation of India (SECI) concluded a major new tender to deploy 1.2GW of solar power paired with battery storage totalling 3.6GWh, under long-term power-purchase agreements.
As GlobalData noted, this initiative represents one of India’s ‘more ambitious’ hybrid renewable energy procurements to date.
“Developers are watching carefully as auction rules, storage compensation, grid interconnection, and battery performance guarantees become points of negotiation,” Saibasan added. “Projects that navigate these risks well can secure compelling economics and stable returns.”
Energy demand
Energy demand in India is continuing to accelerate, with the country’s annual electricity consumption forecasted to rise from approximately 1,418TWh in 2025 to almost 1,945TWh by 2030. As a result, hybrid solutions are set to play an increasingly important role, particularly in regions facing transmission constraints, or areas with high solar potential but weak connectivity.
“For hybrid developers, utilities, and financiers, this is a moment to scale. Hybrid auctions offer a path to combine clean generation, stability, and revenue consistency,” said Saibasan. “But success depends on whether India can iron out grid, regulatory, and quality-of-execution seams quickly.” Read more here.
