By Isuru Seneviratne of Radiant Value Management
The full-cycle cost of generating electricity from renewable sources in India dropped dramatically and is now cheaper than the fossil-fueled competition. This is a step-change with massive implications for global energy markets and the climate outlook. When coupled with energy storage, future electric grids may be a lot greener than today.
Exhibit 1: Levelized Cost of Electricity considers full-cycle costs of electricity generation.