India readies plan for $4 billion Tesla-scale battery storage plants

26 july 2019 India readies plan for $4 billion Tesla-scale battery storage plants India will need 6 gigawatt-scale plants of 10GWh each by 2025 and 12 by 2030 https://lnkd.in/fpuDdbj ====================== Incentives proposed : # 3 % Foreign Exchange hedge on overseas loans # Fixed 3 % subvention on loans availed in Rupees # Possible reduction in MAT # Investment linked tax incentive under section 35 AD # A deemed Infrastructure status # Basic Customs Duty safeguard # Output linked subsidy on KWh of cells sold ================================== Considering , # the size of Investment required for each plant # dropping battery prices ( 19 % per year ) # In view of NPA turmoil, no banker wants to risk his neck, I think these " incentives " will fail to kick-start this plan Only thing that will work is : 40 GW : 70 GW : 300 GW : 800 GW [ 24 May 2019 ] https://lnkd.in/fTun7eW ===================== hashtag#electricvehicles hashtag#EV hashtag#Battery hashtag#LithiumIon