What is the price of Indian energy storage pcs container

How much does a battery energy storage system cost in India?

The cost of battery energy storage systems (BESS) in India has declined sharply, with tariffs discovered through competitive bidding falling to as low as Rs 2.1 per unit (kWh), the government said in Parliament on Monday, signalling a major improvement in the economics of renewable power integration.

How much will a battery energy storage system cost in 2023-26?

The cost of battery energy storage system (BESS) is anticipated to be in the range of ₹2.20-2.40 crore per megawatt-hour (MWh) during 2023-26 for the development of the BESS capacity of 4,000 MWh, Parliament was informed on Thursday.

How to make battery storage affordable?

The minister told that to make battery storage affordable, the government has approved a viability gap funding scheme for setting up 4 GWh of BESS. The Scheme provides VGF up to 40% of the capital cost for BESS, which will bring down the cost of electricity from BESS.

How much energy is available during peak hours in India?

This will make up to 4,000 MWh of energy available during peak hours for Discoms and other beneficiaries to utilize, depending on their specific usage patterns, Singh explained. India’s energy mix is set to undergo a transition from fossil fuel sources to non-fossil fuel based sources dominated by RE in the future.