India could become the world’s third largest market for utility-scale batteries, with capacity additions expected to rise to 9 GW by 2030, fuelled by the cost competitiveness of solar photovoltaics (PV) coupled with battery storage, according to a recent report from the International Energy Agency (IEA). The rapidly declining cost of utility-scale batteries is a driving force behind the solar-plus-storage surge. The IEA’s report highlights that global average costs for four-hour…
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Source: https://www.mercomindia.com/india-third-market-utility-batteries-iea