Ashis Parida October 21, 2017Renewable energy in India is now cheaper than coal-based power, which costs around Rs3.20 per unit.
After a steep fall in solar power prices in India, it is now the turn of wind energy.
During an auction conducted last week by the state-run Solar Energy Corporation of India (SECI) for 1,000 megawatts (MW) of wind power installations, tariffs fell to a new low of Rs2.64 per unit, down 24% from even the previous low of Rs 3.46.
The prices are now competitive with the solar energy segment which hit a record-low of Rs2.44 per unit in May.
Renewable energy in India is now cheaper than coal-based power, which costs around Rs3.20 per unit.
This tariff crash comes at a time when India’s wind energy sector is already in the doldrums.
Earlier this year, the Narendra Modi government had amended the method to determine wind energy tariffs, allowing the market to fix prices rather than having a regulator do it. This new system has led to a slide in prices.
Source: https://audioboom.com/posts/6411574-like-solar-wind-power-is-now-cheaper-than-coal-based-electricity-in-india
