Tesla is taking some major risks by accelerating production of Model 3

May 19, 2017 by  
Filed under Green

Comments Off on Tesla is taking some major risks by accelerating production of Model 3

Tesla is raring to get its Model 3 sedan on the road, and it looks like the electric-car maker isn’t above taking a few risks to do so. In its self-imposed race to launch the car by September, Tesla is leapfrogging past the testing phrase of its production line and eschewing temporary prototype tools in favor of permanent—and far pricier—equipment, according to Reuters . The move is a high-risk one, industry experts say, because of the higher cost of any tweaks to equipment designed to produce millions of cars. Certainly Tesla isn’t immune to quality issues: The company has fielded complaints of steering-wheel malfunctions , foggy windshields , and improperly latching doors in the past, all of which resulted in expensive recalls. Elon Musk, Tesla’s CEO, said during a call with investors that “advanced analytical techniques,” i.e., computer simulations, would help the company bypass what he dubbed “beta” production testing. Related: Tesla is doubling its Supercharger network by the end of the year to 10,000 chargers But the gambit, if successful, could spell bigger profits. The faster Tesla can drop the Model 3, which has an estimated base price of $35,000, the sooner it can rake in billions it anticipates from customers who have already placed deposits. “It’s an experiment, certainly,” Consumer Reports’ Jake Fisher told Reuters. + Tesla Via Reuters

Original post: 
Tesla is taking some major risks by accelerating production of Model 3

Solar prices in India dip below coal

May 19, 2017 by  
Filed under Eco, Green

Comments Off on Solar prices in India dip below coal

Solar power is soaring in India as prices plummet. A recent auction for 500 megawatts (MW) of capacity at Bhadla solar park in Rajasthan saw a record-low tariff of 2.44 rupees per kilowatt-hour (kWh) – that’s around four cents in dollars. Solar tariffs have fallen by more than 25 percent in the past three months. But this isn’t all good news; some experts worry that as tariffs get so low, many solar projects in India could become unviable. The Government of India’s Ministry of New and Renewable Energy announced the incredibly low tariff in a May 12 press release , describing the moment as history in the making. The figure beats out coal prices: India’s biggest power company NTPC sells electricity from coal-fired plants at 3.20 rupees per kWh. The country is set to become the world’s third biggest solar market this year as capacity hits 8.8 gigawatts, which is a 76 percent increase over the year before. Consulting firm Ernst & Young said the country has the second best market on Earth for renewable energy investments. Related: India doubles down on solar power with huge park capacity increase But Quartz India said they aren’t all celebrating in the solar sector. The industry is seeing cutthroat competition; around 33 groups participated in an April auction for 750 MW of capacity at Bhadla. Such reverse auction processes – where sellers try to underbid each other for the work – lowers tariffs more. One problem with super low tariffs is at a certain point developers won’t make a profit. Quartz India spoke with Reliance Securities senior analyst Rupesh Sankhe who said if a developer hopes for a return on investment of 14 percent, solar tariffs should be between 4.5 and five rupees per kWh. He told Quartz India if the tariff dips below three rupees per kWh, “the return will be zero. No matter what they do, they won’t make profits.” Some companies may not be taking into account risks like grid curtailment, or times when power-generating units aren’t allowed to send electricity to the grid. And as more renewable energy goes on grid, in line with India’s goals, some companies may not end up making the money they expected. Via Quartz India Images via Wikimedia Commons and Ajay Tallam on Flickr

Go here to read the rest:
Solar prices in India dip below coal

Bad Behavior has blocked 1894 access attempts in the last 7 days.