India Is Experiencing A Boom In Solar Power And It Might Be Threatening Coal

Solar is suddenly the most affordable electricity source in India. And coal plant producers are getting worried.

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On Jun 13, 2017

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The Falling Cost of Solar Power

Just two years after energy consultants in India doubted if solar power would ever reach parity with coal, an astounding thing has happened: solar is now cheaper than coal.

As a result, conventional power producers in India are being forced to re-think their projects.

Indian Prime Minister Seeks to Reduce Fossil Fuel Pollution

India is currently home to half of the world's top 30 most-polluted cities.

In fact, a recent study showed that pollution in India was contributing to 500,000 premature deaths in the country each year.

In response to the staggering pollution issues, India's Prime Minister Narenda Modi made pledges to increase India's renewable energy capacity.

Predictions for renewable energy over the next decade are promising.

Coal is Still A Major Player in India's Energy Game

Despite several conventional power projects reducing their reach, coal-powered electricity is still a strong presence in India.

Currently, India's government still foresees an expansion in coal-powered electricity sources over the next few years.

Coal-based capacities are facing competition, but we are not seeing them becoming irrelevant for some years to come and they will continue to serve the base-load demand.

P.K. Pujari

Secretary at the Ministry of Power, India

India's Steady Progress Towards Renewable Energy

1.

India's largest power producer is considering using solar power in place of thermal on a number of upcoming projects.
2.

Solar power can now cost as much as 50 percent less than new coal power in India.
3.

In 2015, the Steering Committee on Air Pollution and Health-Related Issues, submitted a report that proposed a switch to clean energy sources to reduce India's serious pollution-related health crises.
4.

Bridge to India managing director Vinay Rustagi says many of India's new coal power tenders have been suspended or canceled altogether this year.
5.

India's Bharti Enterprises and Japan's SoftBank Group Corp. have offered to supply solar electricity for prices that are competitive with rates from coal plants.

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