Solar Energy and Battery Storage Could Meet 90% of India's Power Demand, Ember Report Reveals
Solar energy, cheap battery storage can meet 90% of India’s power demand at affordable costs: Ember report
Hindustan Times
Image: Hindustan Times
A new report by Ember suggests that solar energy combined with battery storage can meet 90% of India's power demand affordably, with a levelized cost of electricity (LCOE) at ₹5.06/kWh. This shift could provide a buffer against global energy crises and reduce reliance on fossil fuels.
- 01Solar power can meet 90% of India's power demand affordably.
- 02Levelized cost of electricity (LCOE) for solar and batteries is ₹5.06/kWh.
- 03Seven of India's ten largest states can procure over 83% of their electricity from solar and batteries.
- 04The report highlights the economic viability of solar energy amid rising fossil fuel prices.
- 05India's peak power demand is expected to reach 270 GW this year.
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According to a report by Ember, solar energy combined with battery storage has the potential to meet 90% of India's electricity demand at a levelized cost of electricity (LCOE) of ₹5.06/kWh. This finding indicates that solar power could provide reliable energy day and night, particularly in states with high solar irradiance. The study emphasizes that seven out of the ten largest states in India could source at least 83% of their electricity from solar and battery systems at a lower cost than current average purchase rates. The report highlights the dramatic improvements in battery economics over the past two years, which have made solar energy a more viable option compared to traditional fossil fuels. As India anticipates peak power demand to reach 270 GW this year, the transition to solar could serve as a buffer against global energy supply disruptions, particularly amidst rising coal prices and geopolitical tensions affecting gas supplies.
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The shift to solar energy could reduce electricity costs for consumers and provide a reliable energy source, especially during peak demand periods.
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