19 May '17, 3pm

Solar prices in India dip below coal

Solar prices in India dip below coal

The Government of India’s Ministry of New and Renewable Energy announced the incredibly low tariff in a May 12 press release , describing the moment as history in the making. The figure beats out coal prices: India’s biggest power company NTPC sells electricity from coal-fired plants at 3.20 rupees per kWh. The country is set to become the world’s third biggest solar market this year as capacity hits 8.8 gigawatts, which is a 76 percent increase over the year before. Consulting firm Ernst & Young said the country has the second best market on Earth for

Full article: http://inhabitat.com/solar-prices-in-india-dip-below-coal/

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