Indian regulators want to lower the floor price of RECs – a move that could increase renewables demand and benefit sellers who have huge inventories of unsold credits.
Spain reboots its renewable energy program, while India has said the country will double the installed capacity in solar parks to 40 gigawatts.
Report out of India suggests it could be completely coal free by 2050, with no need to build another coal power plant after 2025 as renewables and energy storage get cheaper.
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.
India’s coal power boosters are now confronting an increasing array of signals which suggest the diversification away from coal will only accelerate in 2017.
India’s power minister again calls on power generators to cease coal imports if the nation is to come good on “One Nation, One Grid, One Price” energy goal.
With about 72 million tonnes of coal stockpiled at mines and power stations,enough fuel for over 50 days operation – and power demand growth running lower than forecast.
India Government’s plan to dramatically expand coal power production is being buffeted by growing concern about worsening air quality, sluggish power demand.