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Title: Battery-storage costs must drop 15% to avoid new coal capacity: Report
Source:Business Standard
Date:20 August 2024
The report compiled by global energy think tank Ember and the Delhi-based The Energy and Resources Institute (TERI) says if the BESS costs continue to decline at the current rate of 7 percent annually, India's power sector will see coal generation plateauing until 2032, while additional coal capacity may still be needed to meet the demand during non-solar hours.
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