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Wind Power Is Now The Cheapest Energy In India (bloombergquint.com)

An anonymous reader shares a report: Wind power prices fell to its lowest and below the cheapest solar tariffs in the fourth round of auctions, putting more pressure on turbine makers as developers are expected to negotiate already-falling equipment prices. State-run Gujarat Urja Vikas Nigam Ltd. auctioned 500-megawatt of grid-connected projects at as low as Rs 2.43 (3.8 cents) a unit. That was quoted by Actis-backed Sprng Energy that bid for 197.5-megawatt capacity and KP Energy that won 30 MW. That's lower than the lowest solar power tariffs of Rs 2.44 a unit discovered in May and 8 percent lower than wind power prices discovered in earlier national auctions in October, according to Bloomberg New Energy Finance. A decline in auction tariffs will put the manufacturers under even more pressure to innovate and meet the price expectations of developers, Bloomberg New Energy Finance said. Falling tariffs may lead to discovery of even lower bids in the national wind auctions scheduled for January, it added. India aims to auction 28-gigawatt wind projects by March 2020 to take it closer to the total targeted capacity of 60 GW by 2022. That's part of the plan to install 175 GW renewable energy capacity by 2022.

54 comments

  1. 175 GW for 1.3 billion people by Anonymous Coward · · Score: 0

    at a 30% capacity factor. Roughly 30 kWh per month per person. That is practically nothing. Good job wind.

    1. Re:175 GW for 1.3 billion people by Maury+Markowitz · · Score: 4, Informative

      Per-capita electricity use in India is 1,122 kWh/person/year. That's less than 100 per month. So...

      > Roughly 30 kWh per month per person. That is practically nothing

      It's 30% of everyone's usage. Which is "practically amazing".

  2. Yeah right by Anonymous Coward · · Score: 0

    Meanwhile in the real world, oil and natural gas stocks are going through the roof.

    1. Re:Yeah right by hey! · · Score: 1

      Because dollars being speculated in the asset market are more real than dollars people use to by actual stuff... evidently.

      --
      Post may contain irony: discontinue use if experiencing mood swings, nausea or elevated blood pressure.
    2. Re:Yeah right by Kjella · · Score: 2

      Meanwhile in the real world, oil and natural gas stocks are going through the roof.

      Well, the world population is still growing and despite a modest counter-effect from greener technology and greener living more and more people can afford a higher and more energy-intensive lifestyle. For example, the US has 797 cars per 1000 people, China got 154 and India 42. With economic growth there will likely be a market for billions of cars more and only a fraction of those will be EVs. Imagine a billion Indians who want AC when it's 40C outside. There'll be plenty demand for cheap energy for the foreseeable future, renewable and non-renewable.

      --
      Live today, because you never know what tomorrow brings
  3. Trump will shut this down. by Anonymous Coward · · Score: 0, Troll

    We will be selling them authentic West Virginia coal once the regulations are lifted. There is no reason we cannot power India with American energy at a profitable price and create jobs and put people back to work in this country so that they can send their programmers here to address the sky-high cost of coding and tech support we have.

  4. Define 'Cheapest' by Anonymous Coward · · Score: 0, Insightful

    Cheapest to produce (overall costs to install and maintain equipment / power actually produced) is different than 'It costs less to the consumer because it is highly subsidized by the government'.

    1. Re:Define 'Cheapest' by bensafrickingenius · · Score: 1

      Exactly.

      --
      I am not left-handed, either!
    2. Re:Define 'Cheapest' by DogDude · · Score: 3, Insightful

      .... and what about the health externalities from fossil fuels, troll? What do those cost?

      --
      I don't respond to AC's.
    3. Re:Define 'Cheapest' by nospam007 · · Score: 4, Informative

      "Cheapest to produce (overall costs to install and maintain equipment / power actually produced) is different than 'It costs less to the consumer because it is highly subsidized by the government'."

      No. In Germany, the latest off-shore Wind turbines declined any subsidies, they no longer need them.

      "Offshore Wind Farms Offer Subsidy-Free Power for First Time"
      https://www.bloomberg.com/news...

    4. Re:Define 'Cheapest' by Anonymous Coward · · Score: 1

      Reducing your dependency on other countries to bring you oil at whatever price they set is a valuable thing in an of itself.

    5. Re:Define 'Cheapest' by Anonymous Coward · · Score: 1

      Funny how scale will do things like that.

      Also funny how a fuel-less source of energy is cheaper than the others.

      Almost like getting something for nothing is a good thing.

    6. Re:Define 'Cheapest' by PoopJuggler · · Score: 1

      Considering how much it's going to cost us to fix the environment from burning fossil fuels, it's a steal.

    7. Re:Define 'Cheapest' by Anonymous Coward · · Score: 0

      So now you are a troll if you ask a simple question?? By all means, factor in ALL costs when deciding if something is cheaper or not. Don't just cherry-pick statistics like 'during a one hour windstorm, this type of energy was cheapest to produce' or 'after ignoring all the setup costs, this type of energy was cheaper'. What is often dishonest is when dubious statistics are used for a political agenda. (e.g. I don't like fossil fuels so I am going to set the cost of every ton of pollution at $1 Million whether there is an evidence to support that or not)

    8. Re:Define 'Cheapest' by Anonymous Coward · · Score: 1

      'It costs less to the consumer because it is highly subsidized by the government'.

      In the US unsubsidized wind and solar are now the cheaper than natural gas and its natural gas, not green energy, that killed all the coal plants. Also solar+storage is cheaper than nukes.

    9. Re:Define 'Cheapest' by Anonymous Coward · · Score: 0

      .... and what about the health externalities from fossil fuels, troll? What do those cost?

      $55 billion in health costs and another $33 billion in environmental costs

    10. Re:Define 'Cheapest' by Durrik · · Score: 2

      Not exactly getting something for nothing. The energy to turn those blades have to come from somewhere.

      It will come from slowing down the air that passes by the blades, while its not a quantum butterfly effect, there will still be some sort of effect caused from pulling energy out of the air.

      One turbine won't cause anything measurable, 1000 probably not as well. 1,000,000 you might see something. The effect might be something like a mountain, and cause a down draft convection effect on the downwind side of a turbine farm. Who knows maybe we can use large wind farms for both energy and weather control.

      No matter what the air leaving the turbine farm will have less energy than the air going in, which will cause a pressure difference between the air above and air below, a pressure difference before the farm and after. Maybe it will be a quantum butterfly after all.

      --
      Software Engineer & Writer of Military Science Fiction and Fantasy Blog: petermwright.com Twitter: WrightPeterM
    11. Re:Define 'Cheapest' by Anonymous Coward · · Score: 0

      Sheldon Cooper, is that you?

    12. Re:Define 'Cheapest' by Anonymous Coward · · Score: 2, Funny

      The days will get longer due to the increased drag on the planet. This will tie in with the secret plans of the 1% to surreptitiously increase the work day. This will be marketed as an increase in leisure time to the SJWs to get them on side.

    13. Re:Define 'Cheapest' by epine · · Score: 1

      One turbine won't cause anything measurable, 1000 probably not as well. 1,000,000 you might see something.

      It's just another thermal current in a massive system, this one from the outback to the urban canyons. Large cities already generate their own micro-climates due to concentrated heat outflux.

      The effect on the other end will be a hundred times more dilute, because the collection side is vast and diffuse (and cities have an additional heat term from fossil fuels, as well as their exhaust).

      Anyone involved in risk management snickers constantly (in a morbid way) over the incredible statistical innumeracy of the human species. We're like the teenage girl who should be spending 99 hours practicing her dance moves and 1 hour selecting her nail polish, but seems to randomly get it the other way around every second recital.

      Meso-climactic impact of wind farms at scale is about three orders of magnitude down from human impacts that deserve our limited, collective, direct attention.

    14. Re:Define 'Cheapest' by Anonymous Coward · · Score: 0

      "Pulling energy out of the air." Meanwhile, the sun continues to throw near endless* energy at the Earth adding entropy / energy to the atmosphere.

      *endless for the lifetime of the Earth as by the time the sun is exhausted the Earth will be burnt, crispy, crunchy.

    15. Re:Define 'Cheapest' by Anonymous Coward · · Score: 0

      That's not scale. That's banning all competition. Germany shut down nuclear and won't allow any new coal or gas power, so it's either solar or wind, and solar is so damn expensive even with subsidies that wind is the declared winner.

      Now, given Germany's natural resources, banning coal (they only have lignite, which is a truly nasty fuel) and gas power makes sense from a national security perspective. The decision to end nuclear power, however, was irresponsible from both the energy security and economic perspective.

    16. Re:Define 'Cheapest' by rogoshen1 · · Score: 1

      1. it's a plan by big-caffeine to further entrench themselves as a survival necessity.
      2. SJW's by definition do not work, outside of the 5 hour sinecure/work study their department has them do
      (if they actually had jobs, they might focus their energies there instead.)

    17. Re:Define 'Cheapest' by crunchygranola · · Score: 1

      Not exactly getting something for nothing. The energy to turn those blades have to come from somewhere. It will come from slowing down the air that passes by the blades, while its not a quantum butterfly effect, there will still be some sort of effect caused from pulling energy out of the air. One turbine won't cause anything measurable, 1000 probably not as well. 1,000,000 you might see something. The effect might be something like a mountain, and cause a down draft convection effect on the downwind side of a turbine farm. Who knows maybe we can use large wind farms for both energy and weather control.

      There are a lot of people throwing out FUD about wind power (the poor birds!), seeking to discredit it for whatever reason. You may have noticed the absence of attacks backed by any sort of factual numerical reasoning asserting that wind power is harmful because it pulls too much energy out of atmospheric circulation system. The reason for this is that the contention is an absurd one when you look at the situation at all.

      Wind farms slightly increase drag on the flow of air (wind) which occurs with land or water everywhere all the time, but they get useful work out of it. What happens when we pull kinetic energy out of air at the surface layer where the turbines are? It gets replenished from winds at a slightly higher altitude. This limiting vertical transfer rate is known and amounts to about 1.5 W per square meter for extremely large wind farms, or about less than 0.2% the rate of energy delivery by sunlight during the day. Wind farms must be far larger than solar panel farms to produce power, but don't require covering the entire farm with a manufactured material. Towers widely space suffice.

      --
      Second class citizen of the New Gilded Age
    18. Re:Define 'Cheapest' by thegarbz · · Score: 1

      Are you talking about wind, coal or oil? Because I thought you were making a point but I think that it is to stop subsiding coal and oil.

    19. Re:Define 'Cheapest' by thegarbz · · Score: 2

      1,000,000 you might see something.

      This has been debunked over and over again. The amount of kinetic energy available in wind could power the entire planet several times over on exclusively wind before the coefficient of drag ends up having an effect on the air currents enough to cause a shift in climate.

      You think a wind farm is bad, you should see what trees do! They are devastating to that kinetic energy.

  5. Re:Do they have big necklaces? by nospam007 · · Score: 3, Informative

    "You know those necklaces they give you when you land there?"

    That's Hawaii.
    Aloha.

  6. Re:Do they have big necklaces? by hey! · · Score: 1

    I think the salient point is that the people there are brown.

    --
    Post may contain irony: discontinue use if experiencing mood swings, nausea or elevated blood pressure.
  7. With all thos cows wandering around... by Anonymous Coward · · Score: 0

    With all those cows wandering around, might as well harness the methane.

  8. Re:And most unreliable by nospam007 · · Score: 1

    "That's why it's cheapest, because it's unreliable"

    Hardly, that's the nuclear ones. They don't work when there's an 'incident', when there's a checkup, or in Winter when the river is frozen or in summer when the water is low or when the river is already too hot or ...

  9. Re:And most unreliable by Anonymous Coward · · Score: 0

    That's why it's cheapest, because it's unreliable

    Shows you've never been to India. The grid is extremely unreliable, and goes down for hours at a time because it's overloaded.

    In India, wind power is actually more reliable than fossil-fuel-fired plants.

    (May depend on where you are, I suppose. It's a big country.)

  10. Sorry, West Virginia [Re:Trump will shut this down by Anonymous Coward · · Score: 3, Informative

    We will be selling them authentic West Virginia coal once the regulations are lifted.

    Not sure if this is intended as humor or straight.

    In any case, no, India's coal imports come from Australia and Indonesia, which are much closer.

    Price per tonne of coal is so low that the import cost is mostly shipping, and so you buy it from the closest source-- nobody would ship coal from West Virginia to India; that's halfway around the world.

  11. Am I reading this right? by kenh · · Score: 1

    If I'm reading this correct, it reads as if the issue is the utility is paying less for wind power, which may or may not mean the cost of generation is lowest, but not necessarily...

    --
    Ken
  12. Re:Sorry, West Virginia [Re:Trump will shut this d by Barsteward · · Score: 1

    maybe he's going to use a coal powered boat to get it there....

    --
    "The hands that help are better far than lips that pray." - Robert Ingersoll (1833-1899)
  13. Bad Assumption by Anonymous Coward · · Score: 0

    You assume that because the west's capacity is around 33%, that India's must be 30%. However, China's capacity is less than 17%.
    So, it is just as likely, that India's mimics China's, not Europe's and America's.

  14. Wouldn't take much by p51d007 · · Score: 1

    For something to be "the cheapest" in India.

    1. Re:Wouldn't take much by Anonymous Coward · · Score: 0

      Then they should mine bitcoin with all their cheap electricity [ sarcasm ]

  15. the miserly calculus of marginal cost by epine · · Score: 1

    Attractive margins come and go. Get your ideal wind-farm location while supplies last!

    By the way, the correct measure is delivered wattage, after subtracting out transmission loss. How much is your transmission loss? Well, that depends on the flow patterns of the existing grid. Ideally you would add the new generation source, subtract out the displaced generation sources, then calculate the marginal delivery loss in the system as a whole, to isolate the marginal term associated with one project.

    Unfortunately, ideal sucks ass. This calculation is not even transitive.

    If you take the current grid, then add source A (computing A's marginal loss contribution), then add source B (computing A's marginal loss contribution) you get different answers than if you added B and A in the reverse order (yet both systems started and ended in the same place).

    However, being on the whole lazy bastards, we don't normally calculate this, we let the price signal act as a working proxy. And what happens when price acts as a proxy is that A and B do complex calculations about when to best bring their projects online (typically a race, but sometimes a zugzwang) , to best capture (and crystallise contractually) their marginal contribution.

    The price signal is thus nearly impossible to decode, because equilibrium price is but one modulation (not realized until the least-viable project is completed). Meanwhile the timing modulation is often large and volatile.

    We're so programmed to believe in technological inevitability after 50 years of Moore's elevator. But wind farms are heavily coupled into geography, climate, human demographics, smelting, and the dirty mining of rare earths, any one of which can put a real crimp into happy extrapolations.

    [*] Contemplate—if you are brave—the least-viable rare-earth pit mine.

    1. Re:the miserly calculus of marginal cost by angel'o'sphere · · Score: 1

      By the way, the correct measure is delivered wattage, after subtracting out transmission loss. How much is your transmission loss?
      The transmission loss is the same as for: coal, nuclear, water, solar, biogas etc.
      So why do you care? And in a typical grid it is 5% - 7% of the transported energy ... you could have googled that.

      --
      Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
  16. Re:And most unreliable by Mashiki · · Score: 1

    Hardly, that's the nuclear ones. They don't work when there's an 'incident', when there's a checkup, or in Winter when the river is frozen or in summer when the water is low or when the river is already too hot or ...

    What the hell are you even talking about? Nuclear generally has a higher up-time then any other power source. Bruce nuclear didn't even SCRAM when the NE blackout happened, they kept the reactors at 60% until they could reconnect to the grid, which was around 4hrs. That was faster then any other power producer in the NE area of north america. Faster then hydro-electric(Niagara Falls took 8hrs), coal and NG plants were as long as 12hrs and many auto-shutdown requiring a full restart.

    --
    Om, nomnomnom...
  17. Re:And most unreliable by angel'o'sphere · · Score: 1

    But the plant was disconnected while running at 60% ...
    coal and NG plants were as long as 12hrs and many auto-shutdown requiring a full restart.
    And that is exactly why the nuclear plant was kept at 60% but disconnected ...

    So: what exactly is your point?

    --
    Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
  18. Re: Do they have big necklaces? by Anonymous Coward · · Score: 0

    So were your ancestors, before you degenerated to a loser who can't even handle the sunlight of his own planet anymore. lol. Imagine a fish that is allergic to water.

    Stop blaming others for being such a failure in life, that some random uneducated dirty mentally maimed refugee can come and take your job and your girlfriend! I mean what kind of retarded job/sex were you doing, that *he* can replace you? Did they give you your work instructions with grunts and hand and foot signs?

  19. Yeah, nobody expected you to ... by Anonymous Coward · · Score: 0

    ... change your religious beliefs in the face od solid arguments.
    Just change the straw man. He ain't no true Scotsman!
    You probably still demand Obama's birth certificate.
    Can we see yours? (And reject it for silly reasons too, *no matter what.*)

  20. Wall steet cocaine psychopaths ... by Anonymous Coward · · Score: 0

    ... actually believe their bubble of insanity is the real world.

    It's just the cocaine making them overly confident. Don't take them seriously. See them like toddlers throwing a tantrum.

    Aka: Don't feed the trolls.

  21. Re:And most unreliable by Mashiki · · Score: 1

    And that is exactly why the nuclear plant was kept at 60% but disconnected ...

    No, actually it wasn't. But if you're that interested, why don't you go read up on the 2003 blackout and you'll figure out where you went wrong.

    --
    Om, nomnomnom...
  22. Re:And most unreliable by angel'o'sphere · · Score: 1

    if you had provided links :)

    Anyway, if the nuclear plant had shut down, it would have been offline for days if not weeks, just like a coal plant.

    If you are interested you could read up about the so called boron or neutron poisoning ... but I guess you are not.

    --
    Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
  23. Re:And most unreliable by Uecker · · Score: 1