Falling solar costs deflate Japanese solar panel manufacturers, boost prospects for India market. China moves forward on carbon market.
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.
International Energy Agency questions economics of Galilee Basin coal projects, suggesting coal is not popular in India and its use will be rapidly usurped by solar and wind if climate targets are to be met.
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.
Suzlon Energy’s Tulsi Tanti says making wind turbines in Australia would be a “win-win”, but market must first demonstrate stability, growth.
India Government’s plan to dramatically expand coal power production is being buffeted by growing concern about worsening air quality, sluggish power demand.