At the recent 750 MW Rewa solar park auction in Madhya Pradesh, solar tariffs witnessed a dramatic crash. Levelized tariff for 25 years hit the record low of of Rs.3.29/kWh — a full Rs. 1 lower than previous record of Rs.4.34/KWh at a Rajasthan auction in Jan 2016. The low for first year tariff was Rs.2.97/kWh.
As this Business Line article points, such low tariffs has got the wind industry a little worried. According a leading wind industry manufacturer, wind energy at the moment can compete maximum down to Rs.4.20/kWh, though future technology improvements are expected to bring that figure down by 10%.
More key, the wind industry is looking forward to more happening on the policy front for wind-solar hybrid production. A clear policy environment will help the wind industry work with the solar industry instead of competing with them. As non-firm renewable energy in the Indian grid rapidly increases, hybrid production will help with balancing the grid.
Categories: Policies and Regulations, Solar Energy, Solar Photovoltaic, Wind Energy
About EAI and BioBiz for Bio-CNG
BioBiz for bio-CNG, EAI's specialized consulting division for bio-CNG, provides assistance in market research, strategy consulting, technology vendor/supplier finder assistance and more for the complete bio-CNG value chain – feedstock sourcing, logistics, pre-processing techniques, anaerobic digestion, biogas scrubbing, biogas upgradation, end user markets for bio-CNG and digestate, and more. Send a note to email@example.com if you wish to take BioBiz’s assistance for the Indian bio-CNG market.
About EAI & EV Next
EV Next, EAI's specialized consulting division, provides assistance in market research, strategy consulting, technology vendor/supplier finder assistance and more for the complete EV value chain - Li-ion & Lead Acid Battery Cells & Battery Packs, BMS, Battery Manufacturing equipment, EV charging station, battery swapping station, Li-ion & Lead Acid battery recycling, and for a range of electric vehicles - e-bikes, electric bicycles, electric scooters, electric motorbikes, electric autos, e-autos, e-rickshaws, electric trucks, electric LCVs, electric buses and more. Send a note to firstname.lastname@example.org if you wish to take EV Next assistance for the Indian electric vehicle market.
Devising Your EV Strategy: White Paper from EAI.