Page 11 - AsiaElec Week 28 2021

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OUTPUT around 274 GWh of electricity per year. MSEDCL solar tender in the last 18 months.
Also, amongst all the last 7 solar auctions
South Korean Power sales conducted by MSEDCL, the tariff observed in
this tender is the lowest of all.
up 6.6% May on economic BATTERIES kWh is about 21.6% higher than the record-
The L1 tariff of this tender of INR2.42per
recovery South Korea to invest $35bn breaking tariff of INR1.99per kWh seen in
the GUVNL 500 MW tranche IX auction
South Korea’s electricity consumption in EV batteries conducted in December 2020. This tariff
continued to rise in May amid an accelerating increase is primarily on accounts of the
economic rebound, data showed Friday. During the 2020s, South Korea plans to invest applicability of Basic Customs Duty (BCD)
Asia’s fourth-largest economy used 40,842 $35bn in the development of electric car of 40% on solar modules from April 1, 2022,
gigawatt-hours (GWh) of power in May, batteries, reports 3dnews. onwards. Another reason is the possibility of
up 6.6% from a year ago, according to the “LG Energy Solution, SK Innovation a minimal fall in module prices in the next
data from the Korea Electric Power Corp. and Samsung SDI are key players in the 12-15 months that might be factored in by the
(KEPCO). battery market, and are planning to invest developeINRbefore bidding. Module prices
It marked the seventh consecutive month both in battery technology research and have increased by more than 20% in the last 4
for the power consumption to increase on- in manufacturing itself,” the South Korean months in India.
year. government said. In this auction, Acme Solar is the lowest
By segment, power consumption of the During the decade, the world car battery bidder who has won 300 MW capacity at
industrial sector rebounded a whopping market is expected to grow almost 8-fold, a tariff of INR2.42per kWh, while Renew
10.3%, and that of shops and offices also from $46bn in 2020, to $352bn in 2030. Power has won 200 MW capacity at a tariff of
advanced 3%, according to KEPCO. In the first five months of this year, China’s INR2.43per kWh. This is Acme’s second win
South Korea’s finance ministry recently Amperex Technology, accounted for 31% of in the last 6 months. The first one was a 90
raised its 2021 growth outlook for the global battery sales, according to Korea’s SNE MW capacity won in SECI 1200 MW Hybrid
country’s economy amid robust exports and Research. ISTS-Tranche III, Jan 2020 tender.
reviving consumption. The government Other participants included
forecast its economy to expand 4.2% this year, MAHAGENCO, Torrent Power, NTPC, Tata
up from its December estimate of 3.2%. Power, Azure Power, Avaada, Power Mech
SOL AR Projects, O2 Power, and Maharashtra State
Road Development Corporation Limited
Solar tariffs rose by 21.6% (MSRDCL). An interesting aspect to note is
SOL AR that this was the first time that Power Mech
Projects and MSRDCL have participated in a
Tata Power wins 84-MW in Indian state tender solar tender.
After a gap of 14 months, Maharashtra State
rooftop solar contract Electricity Distribution Co. Ltd. (MSEDCL) SOL AR
has conducted an e-reverse auction for the
Tata Power has won an US$53.5mn contract procurement of power from 500 MW inter/ Solar power to become
from utility Kerala State Electricity Board intra state grid-connected solar projects on a
Limited to develop 84 MW of rooftop solar long term basis, analysts JMK Research said. cheaper than nuclear in
projects for domestic consumers in the state. The tender was floated in May 2021 with a
The allotted capacity includes 64 MW for commissioning timeline of 15 months; and 18 2030: Japan gov’t estimate
individual households – with project sizes of months for the projects located in and outside
3-10 kW – and 20 MW for housing societies, the solar park respectively. Also, the minimum Solar power will overtake nuclear power as the
with generation capacities of 11-100 kW. requirement for the Capacity Utilisation cheapest source of energy for Japan in 2030
The developer secured the contract from Factor (CUF) is 19% for these projects. due to the latter’s ballooning safety measure
a tender announced by the electric company This tender is also the first fully subscribed costs following the 2011 Fukushima nuclear
in February under Kerala’s ‘Soura Subsidy
Scheme in [the] Domestic Sector,’ which itself
is in line with the Phase II subsidy programme
overseen by India’s Ministry of New &
Renewable Energy.
Tata must commission the rooftop projects
within three months of receipt of orders from
residential customers and, upon completion
of the contract, the 84 MW of generation
capacity is expected to generate 120 GWh
of electricity annually, helping offset around
100,000 metric tons of CO2 per year.
The contract win was Tata’s second from
the Kerala utility this year, with the Mumbai-
based developer securing 110 MW of solar
capacity from the electric company in January.
That project capacity is expected to generate

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