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India to Become Third-Largest Market for Utility-Scale Batteries by 2030: IEA

Solar PV plus battery storage is already competitive with new coal generation in India.

April 29, 2024

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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).

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