Internationally, countries are accelerating the deployment of new low emissions solutions for the energy sector. This technology driven disruption is accelerating, driven by energy security needs and the need to reduce the economic and inflationary pressures of excessive reliance on fossil fuel imports. New technology innovations, deflation and convergence will see these trends accelerate, particularly as global capital seeing increasing risk of carbon pricing and stranded assets. India has already witnessed in excess of US$100bn of stranded assets in the thermal power sector, even as electricity demand is set to double over the coming decade. Growth may not be the panacea in the face of massive renewable energy deflation.