Record-Low Solar Plus Battery Price in Indian Tender

• Breaking records and barriers: India's solar revolution continues with a groundbreaking bid of $0.04 per unit for 100 MW of solar plus battery capacity.

A developer in India bid a record low price of 3.41 rupees ($0.04) per unit to build 100 MW of solar plus battery capacity. The project is part of a larger grid-connected solar energy initiative, including 600MW of storage. Cheaper modules, falling battery prices, and improved solar manufacturing capacity in India contributed to the low tariff offer.

The tender required the use of domestically produced equipment to reduce reliance on Chinese manufacturers. The deployment of battery storage is crucial for India to achieve its goal of 500 gigawatts of non-fossil fuels capacity by the end of the decade, helping meet the nation's growing power demand and reducing reliance on coal.

How did India achieve record-low solar bid with battery storage?

• Cheaper solar modules and falling battery prices contributed to the record-low bid in India
  
• Improved solar manufacturing capacity in India played a role in the low tariff offer
  
• The tender mandated the use of domestically produced equipment to reduce dependence on Chinese manufacturers
  
• The deployment of battery storage is essential for India to reach its target of 500 gigawatts of non-fossil fuel capacity by the end of the decade
• Battery storage helps meet India's increasing power demand and reduces reliance on coal