India is poised not only to achieve its ambitious target of 500-gigawatts renewable energy capacity by 2030 but also surpass it, driven by an anticipated decline in battery prices by 2025, according to Ajay Mathur, Director General of the International Solar Alliance (ISA).
A fall in battery prices by 2025 could drive the widespread adoption of solar plus battery solutions, leading to the realization of India’s ambitious target of installing 500 GW of renewable energy capacity by 2030 — one of the five commitments Prime Minister Narendra Modi made during the 2021 Glasgow climate talks.