New Delhi, Aug. 18 -- India stands at a pivotal moment, poised to translate its renewable energy achievements into broader economic gains. Our recent study, backed by market developments, demonstrates that solar-plus-storage systems in India now deliver reliable, round-the-clock electricity at costs competitive with new coal plants. These systems offer fixed prices for 25 years, rapid deployment and near-zero emissions, effectively meeting urgent industrial demands and advancing national clean-energy commitments.

This affordability arises from global technological advancements, with solar-panel and battery storage costs dropping over 90% in the past decade and battery lifespans tripling. Equally critical have been India's strategic polic...