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In India, for the first time ever, the price of solar energy has dropped below the price of imported coal.
(In India, at least), producing electricity by solar, is currently cheaper than generating energy from imported coal.
As a consequence 13.7GW of planned Indian coal power projects have been cancelled.
India cancels coal fired power stations on low solar energy costs
But this situation is not due to last.
The vast economies of scale from the mega export coal mine being built in Australia’s Carmichael Basin by Indian company Adani Power, will see imported coal again overtake solar as the cheaper option.
Adani must be stopped.
If built the Adani export coal mine will be the largest thermal coal mine in the world. If it is successful The Adani mine is projected to be only the first of several more mega mines in the Carmichael Basin.
Despite losing a major Korean customer….
“More than half the production is earmarked for the Indian upstream company Adani Power.”
http://www.smh.com.au/business/mining-and-resources/adani-loses-lg-as-big-customer-for-carmichael-mine-20150902-gjdu73.html
A crime against humanity
Adani Coal Mine Wikipedia
Good Article Pat,
Now we need to see freight trains with solar panels on the outside of the wagons, and then as backup run electric grids down our rail networks so with electric trains we to could lead the world again, instead of using more and more dirty oil burning sooty trucks with lots of toxic tyre dust rolling off them into our waterways.
In India, for the first time ever, the price of solar energy has dropped below the price of imported coal.
….it has been accepted that some £6.9bn-worth of existing coal power plants at Mundra in Gujarat were “no longer viable because of the prohibitively high cost of imported coal relative to the long-term electricity supply contracts”.
http://www.independent.co.uk/environment/india-solar-power-electricity-cancels-coal-fired-power-stations-record-low-a7751916.html
(In India, at least), producing electricity by solar, is currently cheaper than generating energy from imported coal.
As a consequence 13.7GW of planned Indian coal power projects have been cancelled.
India cancels coal fired power stations on low solar energy costs
Thank you.