REPORT
The storage costs reflected by the latest auction prices in India have profound implications for the costs of a flat block of power - i.e., a solar+storage system can supply a steady stream of
ble 1. These bids include not only storage costs but solar costs as well; the solar Levelized Cost of Electricity (LCOE) is likely around 2.3-2.5 INR/kWh, reflecting the latest solar costs in India, comprising the majority of the winnin
From pv magazine India India's SECI has reached a record low tariff of INR 2.86/kWh in a tender for 2 GW of solar coupled with 1 GW/4 GWh of energy storage. The result marks the first time a solar-plus-storage configuration in India has fallen below the INR 3/kWh threshold. The tender attracted several new participants to the hybrid auction.
ation. Recent energy storage auctions in India reveal record-low prices, with unsubsidized standalone battery storage bids at 2.8 lacs/MW/month and solar+storage bids at 3.1–3.5 I
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