Solar prices in India dip below coal

May 19, 2017 by  
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Solar power is soaring in India as prices plummet. A recent auction for 500 megawatts (MW) of capacity at Bhadla solar park in Rajasthan saw a record-low tariff of 2.44 rupees per kilowatt-hour (kWh) – that’s around four cents in dollars. Solar tariffs have fallen by more than 25 percent in the past three months. But this isn’t all good news; some experts worry that as tariffs get so low, many solar projects in India could become unviable. 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 renewable energy investments. Related: India doubles down on solar power with huge park capacity increase But Quartz India said they aren’t all celebrating in the solar sector. The industry is seeing cutthroat competition; around 33 groups participated in an April auction for 750 MW of capacity at Bhadla. Such reverse auction processes – where sellers try to underbid each other for the work – lowers tariffs more. One problem with super low tariffs is at a certain point developers won’t make a profit. Quartz India spoke with Reliance Securities senior analyst Rupesh Sankhe who said if a developer hopes for a return on investment of 14 percent, solar tariffs should be between 4.5 and five rupees per kWh. He told Quartz India if the tariff dips below three rupees per kWh, “the return will be zero. No matter what they do, they won’t make profits.” Some companies may not be taking into account risks like grid curtailment, or times when power-generating units aren’t allowed to send electricity to the grid. And as more renewable energy goes on grid, in line with India’s goals, some companies may not end up making the money they expected. Via Quartz India Images via Wikimedia Commons and Ajay Tallam on Flickr

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President Obama and Prime Minister Modi talk renewable energy

June 10, 2016 by  
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This week, India’s Prime Minister Narendra Modi met with President Barack Obama to discuss ways for India to scale up its use of renewable energy . The White House released a statement about “the deepening strategic relationship” between the two countries, which will result, in part, in the $20 million U.S.-India Clean Energy Finance (USICEF) initiative expected to mobilize up to $400 million to provide clean energy for up to 1 million households by 2020. Industry observers think the prime minister is eager to finish deals in case Donald Trump takes office. Trump has said he would withdraw from the Paris agreement . While the New York Times reports he hasn’t focused on India much, his comments regarding topics like climate change and immigration worry Indian leaders . One associate from the Carnegie Endowment for International Peace said Prime Minister Modi “wants to get as much as he can out of Obama’s last months in office.” Related: India announces plans to boost its solar power five times to 100GW by 2022 According to a panel hosted by the World Resources Institute, if India is to meet their climate goals, they’ll likely need American investment. Ajay Mathur, India’s chief spokesperson at the Paris talks, said U.S. investment with reasonable interest rates is crucial so India can reach their goal of 100 gigawatts in solar power by 2022 and Indian citizens can access that clean energy. Around 240 million people in India still lack electricity, making such a partnership all the more important. According to a joint statment , “The United States and India share common climate change and clean energy interests and are close partners in the fight against climate change…India and the United States recognize the urgency of climate change and share the goal of enabling entry into force of the Paris Agreement as early as possible.” For the Paris agreement to take effect, 55 countries emitting a minimum of 55 percent of global emissions must ratify the agreement. So far, 34 countries, which account for 49 percent of emissions, have formally joined. Via New Scientist Images via American Center Mumbai on Flickr and Wikimedia Commons

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Large-scale solar is nearly the same cost as other fuels in world’s three biggest markets

July 30, 2015 by  
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If you remember anything from your first economics class, it probably has something to do with supply and demand. The more abundant a product, the lower the price drops. In the case of rapidly growing technologies like solar power , a plummeting price tag means an increase in demand, illustrating the economic principles perfectly. Large scale solar – the avenues that bring sun energy to utility company grids – has seen such substantial advancements recently that solar energy is now at near wholesale price parity with other sources of grid power in the three biggest markets on earth. According to industry experts, things could heat up even more in the future of solar power. Read the rest of Large-scale solar is nearly the same cost as other fuels in world’s three biggest markets

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Large-scale solar is nearly the same cost as other fuels in world’s three biggest markets

The UK’s largest earth sculpture is a gigantic horse leaping across the land

July 30, 2015 by  
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India’s Anantapur District to Install 40,000 Solar Panels and Save $1 Million per Year

February 26, 2013 by  
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Southern India’s Anantapur District will be the first municipality in the country to use solar energy for street lighting and water pumping operations. The solar project, consisting of nearly 40,000 solar panels , will be connected to the existing power grid and will save $1 million every year, according to the municipal authorities. Read the rest of India’s Anantapur District to Install 40,000 Solar Panels and Save $1 Million per Year Permalink | Add to del.icio.us | digg Post tags: “clean energy” , Anantapur District solar power , clean renewable energy , India carbon emissions , India renewable energy sources , india solar capacity , India solar community , india solar power , solar panels , solar project India , zero emission

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Cardborigami Pop-Up Shelters Create Instant Space for Homeless and Festival-Goers

February 26, 2013 by  
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India Announces Plans to Produce 33.4 Gigawatts of Solar Energy by 2022

January 3, 2012 by  
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As the world’s second-most populous country and a growing global power, India would do well to think about its energy future, and it seems to be doing so . According to a report by  Bridge to India , the country is aiming to install 33.4 GW of solar power nationwide — much more than the 20 GW previously targeted by India’s National Solar Mission. Read the rest of India Announces Plans to Produce 33.4 Gigawatts of Solar Energy by 2022 Permalink | Add to del.icio.us | digg Post tags: “solar energy” , bridge of india , china solar energy , Desertec , india 2020 , india solar capacity , India solar energy , india solar energy output , india solar power , India’s National solar Mission , NSM India , solar energy gw , solar schedule india

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India Announces Plans to Produce 33.4 Gigawatts of Solar Energy by 2022

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