New Delhi, May 15 -- :Installed capacity of storage-backed renewable energy (RE) in India is likely to increase to 25-30 gigawatt (GW) by financial year 2027-28 from almost zero during 2024-25, according to a Crisil Ratings report released on Wednesday.

The incremental capacity will account for more than 20 per cent of the total RE capacity to be added over the three years, driven by the central government's push to make renewables more sustainable, the report added. Storage-backed RE projects provide an effective solution for the intermittent nature of RE generation. Such projects - which include firm and dispatchable renewable energy, solar with energy storage, etc -supply power when required, supporting grid stability.

For instance,...