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Solar gaining on coal in India

A KPMG study shows that the cost of solar power in India, revealed by public auctions, is barely half a cent above that of cheap local coal , writes Chris Goodall, with generators bids falling well below 5p (UK) / 7¢ (US) per kWh. The idea put about at COP21 that India and other poor but sunny countries need coal to develop their economies is fast running out of steam.When the accountants have fully loaded the network and other costs PV ends up as very slightly cheaper than using lndian-mined coal. And, of course, this advantage will grow as solar gets cheaper.Commentators eager to arrest the move towards renewable energy are facing increasing difficulties finding arguments for the continued use of fossil fuel.

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