Cheap solar and wind energy prices are killing India’s coal power plants : worldnews

Renewable energy prices in India are crashing, leaving coal-based power plants in the country financially unviable in their wake.

Over the last year, wind and solar power tariffs have fallen to a record low of around Rs2.4 per unit, much lower than the average of Rs3.7 per unit at which analysts say coal-based power is currently being sold on India’s power exchanges.

Coal-based power plants are being forced to sell their power either on short-term agreements or on the power bourses such as the Indian Energy Exchange, where tariffs are much lower than what these plants require to stay afloat.

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