India’s Emerging Merchant BESS Market Faces Its First Regulatory Test
India’s Emerging Merchant BESS Market Faces Its First Regulatory Test India’s battery energy storage system (BESS) sector has reached an inflection point. Deployment is now scaling at pace, and the merchant model has emerged as the favoured route to market, accounting for 80% of roughly 6.8 GWh of operational BESS capacity. Recent additions have been led by large merchant projects, including Adani’s 3,370 MWh project in Gujarat and ACME’s 2,031 MWh project in Rajasthan. The shift was driven by a…