India’s solar surge drives daytime spot power prices near zero and night spikes

The price swings reflect a widening mismatch between fast-growing solar output and storage capacity that has not scaled at the same pace. India’s installed solar capacity now stands at 154.23 GW, but excess daytime power is difficult to shift into evening demand when solar generation drops. For developers and policymakers, the signal is clear: storage, flexible demand, and market design are becoming central to the next stage of solar growth.