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					</table><p><strong><a href="https://www.mercomindia.com/operational-guidelines-pm-surya-ghar-program" target="_blank" rel="noopener">The Ministry of New and Renewable Energy (MNRE) has issued the operational guidelines to implement the PM Surya Ghar: Muft Bijli Yojana for the component &#8220;Central Financial</a> </strong>Assistance (CFA) to residential consumers&#8221;. These guidelines pertain to implementing CFA to residential consumers under the capex mode for eligible consumer categories only. The guidelines for other components of the program will be issued separately.</p>
<p><a href="https://www.mercomindia.com/seci-solar-storage-lakshadweep" target="_blank" rel="noopener"><strong>Solar Energy Corporation of India (SECI) has invited bids to commission 1,385 kW of grid-connected solar power projects with 394 kW/1117 kWh of battery energy storage systems</strong></a> in Lakshadweep under RESCO mode. The projects will be set up across Amini, Androth, Bitra, and Kadmat islands. The projects must be commissioned within 24 months of signing the power purchase agreement.</p>
<p><a href="https://www.mercomindia.com/serentica-standalone-battery-energy-storage" target="_blank" rel="noopener"><strong>Renewable energy developer Serentica Renewables has invited expressions of interest (EoI) to set up interstate transmission system-connected Battery Energy Storage Systems (BESS) to</strong></a> supply 800 MWh of battery capacity to Serentica’s round-the-clock projects. The company said it is seeking technical partners to supply BESS capable of delivering reliable energy storage. It is executing 4 GW of projects and will deliver 2 GW per year of round-the-clock capacity to some large industrial customers in India.</p>
<p><a href="https://www.mercomindia.com/iti-floats-tender-for-on-government-buildings" target="_blank" rel="noopener"><strong>Indian Telephone Industries (ITI), a government of India undertaking, has floated a tender to empanel agencies to implement grid-connected rooftop solar power systems of a cumulative</strong></a> capacity of 200 MW on government buildings in Bihar. The scope of the work includes design, supply, erection, testing, commissioning, warranty, and comprehensive operation and maintenance for five years. The last date for submitting bids is June 16, 2024. Bids will be opened the same day.</p>
<p><a href="https://www.mercomindia.com/eu-slaps-additional-duties-of-up-to-38-1-on-chinese-evs" target="_blank" rel="noopener"><strong>The European Commission has announced it will impose additional tariffs of up to 38.1% on Chinese Battery Electric Vehicles (BEV) from July on grounds that they were causing economic</strong></a> injury to European Union producers. As part of its ongoing investigation, the Commission has provisionally concluded that the Chinese BEV value chain benefited from unfair subsidization. It has reached out to Chinese authorities to discuss these findings and explore possible ways to resolve the issues identified in a manner compatible with World Trade Organization rules.</p>
<p><a href="https://www.mercomindia.com/onshore-wind-and-utility-scale-solar-in-the-u-s" target="_blank" rel="noopener"><strong>A report by Lazard, an asset management and financial advisory company, found that the low ends of the Levelized Cost of Energy (LCOE) for renewable energy technologies in the U.S. have</strong></a> increased for the first time, driven by persistent cost pressures such as high interest rates. Despite declines in the high-end LCOE for selected renewable energy technologies, the overall LCOE ranges have tightened, resulting in relatively stable LCOE averages year-over-year. This trend highlights the advantage of well-capitalized companies in building new renewable energy assets​.</p>


Daily News Wrap-Up: Government Issues Guidelines for PM Surya Ghar Program


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					</table><p>The Levelized Cost of Energy (LCOE) for onshore wind and utility-scale solar is now competitive with conventional generation technologies, even without subsidies in some locations, a report by <u><a href="https://www.lazard.com/" target="_blank" rel="noopener">Lazard</a></u>, an asset management and financial advisory company, said.</p>
<p>It added that the cost of unsubsidized onshore wind can range from $24/MWh to $75/MWh, and the cost of utility-scale solar can range from $24/MWh to $96/MWh.</p>
<p>The cost of energy storage technologies is also declining rapidly, which is making it increasingly affordable to firm up the intermittency of renewable energy sources. It can help address the concerns about the variability of renewable sources and make integrating them into the grid easier.</p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-52604 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/04/1.png" alt="" width="1318" height="660" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/04/1.png 1318w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/04/1-300x150.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/04/1-768x385.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/04/1-650x325.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/04/1-624x312.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/04/1-600x300.png 600w" sizes="(max-width: 1318px) 100vw, 1318px" /></p>
<p>While the reduction in costs continues, their rate of decline has slowed over the years.</p>
<p>The analysis also includes sensitivities for factors such as federal tax subsidies, fuel prices, carbon pricing, and cost of capital and shows how these factors can affect LCOE for different generation technologies.</p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-52605 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/04/2.png" alt="" width="1307" height="731" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/04/2.png 1307w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/04/2-300x168.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/04/2-768x430.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/04/2-650x364.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/04/2-624x349.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/04/2-600x336.png 600w" sizes="(max-width: 1307px) 100vw, 1307px" /></p>
<p>&nbsp;</p>
<p>Specifically, the LCOE for onshore wind ($24/MWh) and for utility-scale solar PV ($24/MWh) are lower in comparison to the marginal cost of coal-fired generation ranges from $29/MWh to $74/MWh, and the marginal cost of combined cycle gas-fired generation ranges from $51/MWh to $73/MWh.</p>
<p>According to Lazard&#8217;s analysis of unsubsidized LCOE, there have also been significant cost reductions in the historical pricing of utility-scale renewable energy generation technologies.</p>
<p>These cost reductions have been due to several factors, including lower capital costs, advancements in technology, and greater competition in the market.</p>
<p>The LCOE for renewable energy technologies, specifically utility-scale solar PV, recorded a decrease of 83% from $359/MWh in 2009 to $60/MWh in 2023. Onshore wind recorded a decrease of 63%, ranging from $135/MWh in 2009 to $50/MWh in 2033.</p>
<p>Both have decreased significantly over the past decade, making them increasingly cost-competitive with traditional fossil fuel technologies such as coal and natural gas combined cycle.</p>
<p>In contrast, the LCOE for coal and nuclear power has remained relatively stable.</p>
<p>The report also notes that the adoption of energy storage has been driven by regulatory incentives, falling costs, and the need to manage the variability of renewable generation.</p>
<p><strong>Green hydrogen cost</strong></p>
<p>The report notes that the cost of green hydrogen, which is produced using renewable energy sources such as wind and solar, is still relatively high compared to conventional fuels. However, the cost is expected to decline significantly over the next decade, driven by falling renewable energy costs, improvements in electrolysis technology, and economies of scale.</p>
<p>The report also highlights that the cost of blue hydrogen, which is produced using natural gas with carbon capture and storage, is already competitive with conventional fuels in some regions and  that blue hydrogen can play an important role in decarbonizing certain industries while green hydrogen scales up.</p>
<p>According to a Lawrence Berkely National Laboratory report, utility-scale solar projects’ LCOE <a href="https://www.mercomindia.com/falling-costs-drove-solar-installations-in-the-us-in-2021" target="_blank" rel="noopener">decreased</a> by about 85% in the U.S. since 2010 to $33/MWh in 2021.</p>
<p>The U.S. added 32 GW of renewable energy capacity in 2022, according to a BloombergNEF report.</p>


Renewable Generation Cost Can Compete with Conventional Energy in the US

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