NewEnergyNews: INDIA’S SUN BEATS COAL

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    Friday, January 29, 2016

    INDIA’S SUN BEATS COAL

    For The First Time In Modern India's History, Solar Energy Is Cheaper Than Coal

    Kunal Anand, January 27, 2016 (India Times)

    “India’s latest solar auctions have given India something to cheer about – solar energy prices have reached a record low of 4.34 rupees/kWh, and energy minister Piyush Goyal has stated that it is now cheaper than coal-fired energy generation…[The auction tender of 420MW of solar capacity [was] conducted by the Rajasthan government, and the record bid was made by Finnish group Fortum Energy (4.34 rupees/kWh for a 70MW solar PV plant)...This can provide a boost to India’s vision for 100GW generated by solar energy in 2022…The bid isn’t a fluke – it was matched by Rising Sun Energy (4.35 rupees for two blocks), France’s Solairedirect (4.35 rupees a unit for two blocks) and Yarrow Infrastructure (4.36 rupees for a 70MW plant)…” click here for more

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