Away from the sound and fury around Adani’s proposed coal mine in the Galilee Basin, a tectonic shift is happening in the global energy industry.
India’s latest electricity sector report provides some clear insights into the progress on the electricity sector transformation.
New report says 2016 to be defined by an acceleration to renewable energy, faster-than-expected shifts regionally and nationally, and growing risk for investors who lag behind.
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.
While electricity consumption was up just 0.3% yoy for the January-February period, coal imports fell 10.2% and coal production declined 6.4%.