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In this paper, a standalone photovoltaic (PV)-battery storage (BS) based microgrid (MG) is presented with a 415V-AC bus. The PV array is linked to the main voltage source converter (VSC1) DC-link to maximize power production in an efficient and cost-effective single-stage structure. This is achieved through an incremental conductance (INC) maximum power point (MPP) tracking approach. Moreover, a secondary converter (VSC2) is connected to BS for power flow management. MG performance is evaluated under various operating conditions. Steady-state and dynamic performances of MG are studied for variations such as changes in solar PV irradiance and load unbalances.