India awards 12 GW in Hybrid-RTC Renewable energy project

Hybrid meaning :
Wind plus solar
RTC means Round the clock power with energy storage solution.

Currently, the capital cost for RTC projects with pumped storage is Rs.6.5-7 crore per MW, while it is higher at Rs.12-13 crore per MW for RTC projects with battery energy storage systems.

“In terms of tariff, it works out to Rs.6 per unit for pumped storage, while it is Rs.9 per unit in battery storage.

The above cost would come down gradually