The International Solar Alliance (ISA) has identified distributed renewable energy (RE), battery storage and floating solar projects as key growth drivers for the global green energy transition.

Speaking to CNBC-TV18 ahead of the ISA’s 8th Assembly in New Delhi from October 27 to 30, ISA Director General Ashish Khanna said the cost of battery storage has halved over the past year, making solar-plus-storage projects increasingly competitive with new coal-based power stations.

He added that battery storage, pumped storage, and emerging technologies such as molten salts and carbon dioxide-based systems are at various stages of readiness, with significant innovation taking place in the storage space.

Khanna noted that it took the world 25 years to install the first 1,000 GW of solar capacit

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