Last week we learned that Elon Musk won the bet !
Of erecting / installing / commissioning
a 100 MW capacity Lithium-ion Battery
Storage facility in South Australia , in 100 days ( cost : $ 50 million ) or give it away FREE if not delivered in 100 days
!
Now Bllomberg tells us :
South Korea’s Hyundai Electric & Energy Systems Co is building
a 150 MW lithium-ion Battery storage facility in Ulsan ( near South East
coast )
But in 90 days ! And
for $ 45 million !
At $
0.3 million / MW , Hyundai facility will be 40 %
cheaper than TESLA’s $
0.5 million / MW
All within 90 days !
Next expect the Chinese to build a 1000 MW Battery
Storage for just $ 200 Million ( @ $ 0.2 million
/ MW )
And in 60 days !
Now with solar power prices dropping
continuously ( @ 20 % per
year from latest Rs
2.4 / kwh ) , it is a matter of few years before all of our coal-based
power plants ( @ Rs 3.2 /
kwh ) will become uncompetitive / unviable , to provide any kind of load
balancing during peak / non peak hours
In any case , India is planning to generate 100 GW of solar power by 2022
BY
2022 , THIS COULD POSSIBLY COST US LESS THAN RE 1 / KWH !
So , whatever solar power we could manage to generate when the sun
is shining , we MUST store
in batteries for use at night .
We have no choice but to go for huge Lithium-ion Battery Storage installations
, all over India
Possibly , 1000 installations of 100 MW each ,to store those 100 GW of solar power !
Each installation ( on an average ) , costing $ 25 Million ? So ,
a total of $ 25 billion
IFC Report estimates that India needs to invest ( between 2018-30 )
, $ 448 Billion for
Renewable Energy ( approx. $
35 Billion every year )
If we do not plan for these large Battery
Installations ( and invite global tenders NOW ) , how much of that Re 1 / kwh solar power ( generated during the day time ) will go waste ?
I hope Shri
Piyush Goyalji / Shri R K Singhji / Shri Amitabh Kantji , will examine this
04 Dec 2017
www.hemenparekh.in
/ blogs
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