Solar Power Becoming Cheaper than Coal in India

Early this year in India, costs of solar power dipped below the price of energy from coal. The country’s Power Minister, Piyush Goyal, noted the occasion:

Solar Falls Below Coal

Solar Falls Below Coal

Costs of solar power are expected to keep falling in the next years, saving Indians not only money but the effects of pollution. Other countries have noted India’s success in this area, with investors from the US’s Wall Street to China’s financial sector anticipating a gold rush. India plans to auction off billions’ worth of development in large solar power stations over the next 15 years.

By Sharon Campbell

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: