Pedestrians walk along a street as smokestacks of the closed coal-fired NTPC Ltd. Badarpur Thermal Power Station stand in the background in Badarpur, Delhi, India, on Wednesday, March 27, 2019. Photo Credit: Prashanth Vishwanathan/Bloomberg

Environment India2. August 2021

Step Aside, Coal: Renewables Are Taking Over

Last year, one of India’s major coal producers vowed to build 32 gigawatts of renewable energy by 2032, and that target has now been doubled to 60 gigawatts – marking a major step towards the end of the coal era.

According to the country’s projections, solar will overtake coal by 2030, which is why it’s vital for the National Thermal Power Company to add renewables to its power generator production.

Solar energy will expand by 700% in the next decade, whilst coal will only expand by 30%. To top it off, the power that comes from newly-built solar capacity is cheaper – and therefore more appealing – than the power coming from coal and gas plants in India.

Source:
Bloomberg

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