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Is Aggressive Bidding Distorting the Economics of Energy Storage Projects in India?

Only 50% of BESS projects in India show positive project economics

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Only 50% of the standalone battery energy storage system (BESS) projects evaluated in a new industry survey showed positive project economics and economic viability under modeled assumptions, highlighting the continuing cost challenges facing the industry sector, according to the ‘Levelized Cost of Storage (LCOS) and Bidding Trends in Indian Energy Storage Projects’ report released by Mercom India Research.

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