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Rapid Deployment of Solar and Storage Is the Main Option for Avoiding Power Shortages in India

Due to rapid electricity demand growth, India will likely experience significant evening power shortages by 2027, even if all the thermal & hydro capacity currently under construction comes online as planned.

Recent SECI gigawatt-scale solar + storage auction results, with a record low price of Rs 3.4/kWh, have demonstrated how solar+storage will be an economical solution to help avoid power shortages. Solar + storage can be deployed much faster than new thermal and hydro assets.

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