In India, Cost of Wind capability Competes with New Coal

August 5, 2013 · Print This Article

According to a recent report by HSBC Global Research, wind potential has become cost competitive with new coal capacity in India. Solar is not far behind; the report additionally claims it is likely to become cost competitive within 2016 and 2018.

While policies like the reinstatement of the Generation Based Incentive for wind ability projects have made them more financially viable, as HSBC reports, this

specific change in the relationship amidst wind ability and coal-based ability can be partially attributed to water shortages. In India, thermal potential plants explanation for almost 90 percent of industrial water demand. Coal-fired capability plants use significantly more water than renewables like wind and solar, and water shortages have been affecting coal-based potential production in India during the past three years, causing some capability plants […]

[Source] Cynthia

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