The cost of solar power generation in India has fallen to half the level seen in many other markets in the region due to extensive solar resource, market scale and competition.
The world’s biggest solar market could be about to replicate that feat in energy storage, provided it manages to reform the payment system for rewarding the grid services offered by batteries.
Traditional power Germany and a rejuvenated Spain will top the chart for new capacity additions as Europe prepares to hit more than 250 GW of new PV by 2024. Small scale systems for self-consumption will play a big role, according to consultants WoodMac.
Scottish consultancy Wood Mackenzie has raised its 2019 forecast with Florida and Texas starting to deliver on their potential as the U.S. solar market returns to growth.
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