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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.
You know those necklaces they give you when you land there? They should put them on those big fans. It might help.
at a 30% capacity factor. Roughly 30 kWh per month per person. That is practically nothing. Good job wind.
Meanwhile in the real world, oil and natural gas stocks are going through the roof.
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.
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'.
to 7heC original visit
if you want to get the smell of curry to go away.
That's why it's cheapest, because it's unreliable
Look for the huge government subsidies and future price hikes.
With all those cows wandering around, might as well harness the methane.
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.
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
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)
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.
For something to be "the cheapest" in India.
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.
... 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.*)
... 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.