Analysis released by Climate Trends and JMK Research and Analytics revealed that the cost of hybrid RE with battery storage system is at parity with new coal power plants in Tamil Nadu. Moreover, in 10-year time, incremental capacity addition would further drive down the cost by over 31%. Cost of energy for a hypothetical hybrid, solar, wind and li-ion battery storage system in the state is Rs 4.97/kWh in 2021, which will fall to Rs 3.4/kWh by 2030, whereas cost of electricity produced from new coal power plants in Tamil Nadu is between Rs 4.5-6/kWh. Read more