International coal markets are at risk as transformation continues, driven by yet more record low prices for solar power, this time in India.
Articles by Tim Buckley
India’s new draft National Electricity Plan concludes India does not require any new coal-fired power stations and its energy minister says it must look beyond fossil fuels.
Anyone parroting the mantra that ‘coal is the lowest cost source of electricity’ is clearly also putting a pretty low value on human life.
India announces plans to cancel four proposed coal-fired power plants with combined capacity of 16GW, meaning more bad news for Australian thermal coal exporters.
GVK reveals more losses, ballooning debt – and makes no mention of Galilee Basin coal projects.
Indian conglomerate makes massive financial commitment to solar projects, leaving no financial capacity for new mega coal mines in Australia.
In logging two new clean energy world records in 2015 – China is reshaping the global energy economy. And India is not far behind.
India remains firmly on track to meet its publicly stated goals of ceasing thermal imports by 2017/18.