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‘Cheap Solar in India Sounds Death Knell for Coal Imports’

first_img‘Cheap Solar in India Sounds Death Knell for Coal Imports’ FacebookTwitterLinkedInEmailPrint分享Tim Buckley and Jai Sharda for Renew Economy:The obstacles to India’s ambitious energy transformation are like everything about India: vast, interrelated, and complex. Yet momentum has a way of rolling over obstacles, and – borrowing from Hindu mythological iconography – Prime Minister Narendra Modi has harnessed the “seven horses” of energy to push the government’s fast-growing electricity-sector transition.A year into the program, all the evidence suggests momentum is building on a number of key fronts. We’ve published a paper today that explores this phenomenon in detail.The double-digit decline in the price of domestic solar in India has accelerated into 2015 with new power purchase agreements being signed at record lows of just over Rs5/kWh, fixed flat for 25 years (that is immediately deflationary).Solar pricing has decreased to such an extent that it is now cheaper than new imported thermal coal-fired power plants at Rs6/kWh. This new economic reality means it is financially irrational to choose to build another power plant fueled by imported coalThe death knell for the seaborne traded coal industry has sounded.Full article: Cheap solar in India sounds death knell for coal imports, Australia’s includedlast_img

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