India could cut power costs to $50/MWh with solar-wind system by 2050

India could cut electricity costs to about $50/MWh by 2050 by transitioning to a fully wind- and solar-powered system with primarily day-night balancing, according to new modeling that includes generation, grid, and balancing costs - well below current fossil-based wholesale prices. From pv magazine India New modeling by the Energy Transitions Commission finds that "Sunbelt" countries - including India, Mexico, and much of Africa - are best positioned to reduce power system costs by shifting to low-cost, solar-led energy systems. "In the global sunbelt, the collapsing cost of solar PV and batteries ...

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