Solar Beats Coal In India
India says the cost of solar power is now cheaper than coal; The moment we've been waiting for.
Peter Dockrill, 20 April 2016 (Science Alert)
“…[India] has unveiled a string of ambitious solar projects…One of the consequences of all this ongoing investment in infrastructure is that the cost of providing solar power in India is becoming increasingly affordable – to the point where the country's energy minister, Piyush Goyal, now says that solar power is a more cost-effective option than the old fossil-fuel staple, coal...[India is developing] a national plan to generate more than 100 gigawatts of solar power by 2022 – an ambitious target that's about 20 times beyond the current level solar provides in India…[W]hat could help make it happen is the falling price of solar power. This year, solar energy prices in the country dropped to around parity with coal for the first time ever, hitting 4.34 rupees (about 6 US cents) a kilowatt-hour (kWh), while coal tariffs range usually range in between 3–5 rupees/kWh (about 5–8 US cents)…[I]f the price keeps falling at a similar rate, it will soon drop significantly below coal, with some saying that by 2020, solar could be as much as 10 percent cheaper than coal power…Cheaper electricity sourced from the expansion of solar plants across the country could help make for a better, more reliable grid, and one that's less harmful to Indians and the environment…” click here for more