Current Affairs · Energy Sector

Consider the following statements regarding India's clean energy transition based on long-term projections: I. By 2050, the average system cost of a solar-dominated grid in India is projected to fall significantly, potentially reaching under ₹2 per kilowatt-hour, inclusive of balancing and storage costs. II. Demand-side flexibility strategies reduce reliance on backup power by making consumer demand adapt to variable renewable supply patterns. III. Battery-backed solar systems are projected to achieve cost parity with or become cheaper than new coal plants well before 2035 due to rapidly falling storage costs. IV. Regulatory initiatives in various Indian states aim to introduce framework mechanisms for flexible demand in electricity consumption. How many of the above statements are correct?