Tariffs for battery storage systems in India are expected to increase, driven by rising input costs that are squeezing the margins of low-priced renewable energy projects.
Developers and lenders at an industry event in New Delhi on Wednesday warned that the adjustment threatens to undermine the economic viability of several initiatives.
Apple, for instance, is set to raise prices on its products in India by 15% to 20% in response to a persistent global shortage of memory chips.
The development complicates India's rapid expansion of battery storage, which is critical for providing round-the-clock renewable power.
As input costs climb, the financial pressure on low-priced projects intensifies, potentially slowing deployment timelines and increasing the cost of capital for developers.
This shift comes amid broader cost pressures in the Indian market.
Apple, for instance, is set to raise prices on its products in India by 15% to 20% in response to a persistent global shortage of memory chips.