Centre plans Tesla-like battery plants to push EVs, storage

Centre plans Tesla-like battery plants to push EVs, storage https://lnkd.in/f5ZDtBF =========================== Now think about this : India would require a minimum of 20 GIGA FACTORIES by 2030 ( for 800 Gwh capacity ) [ 40 Gwh per factory ] If we assume that some industry ( Reliance / JSW / Suzuki –DENSO / M&M etc ) manages to put up the very first such Giga factory in 2020 , then , this would require at least TWO giga-factories to be commissioned EVERY YEAR for the next 10 YEARS ( 2020 till 2030 ) What will that cost ? TESLA’s Giga-factory has a capacity of 35 Gwh and expected to cost $ 5 Billion ( apprx. Rs 35,000 Cr ) So , a 40 Gwh factory might cost , approx. Rs 40,000 cr That means , we need an investment of Rs 80,000 Cr per year ( for 2 factories ) , for 10 years in row ! ===================== For more, read : India : Energy Storage Mission [ 04 Dec 2017 ] https://lnkd.in/fEsgztB