Yesterday we were commenting on how renewables Worldwide outperform coal as an energy source. Very positive news that shows how this type of clean energy is totally necessary and draws the horizon for a future different from the one we live in.
One of the countries that depends the most on coal is India. It is your goal to change that dependency, but the sad reality is that the main energy source This country is coal, followed by oil and gas. Together they are responsible for supplying 90% of the total demand of the subcontinent (India, Pakistan and Bangladesh).
However not everything is so black For the energy future of India, from Bloomberg New Energy Finance, it is claimed that by 2020 huge photovoltaic systems will be cheaper in India than plants dependent on imported coal from other countries.
Their conclusion is based on what they call the leveled cost electrical (LCOE), a way of comparing different methods of electricity generation, and that uses the average total cost of construction and operation of the power plant, divided by its total energy production for life.
Even if coal prices continue to hold, the firm believes that the continuous drop in photovoltaic costs it means that solar energy will be cheaper than coal in 2020. And it is that 10 years ago, the generation of solar energy was more than three times the price of coal.
Tata Power Solar, one of the pioneering manufacturers of solar, estimates that the potential for solar in India lies at about 130 gigawatts by 2025. It would also generate more than 675.000 jobs in the solar industry in India alone.
So it finally seems that India is discovering the benefits of solar energy. The government has recently updated its mission to the goal of solar energy: now it wants reach 175 GW of renewable energy, which includes 100GW of solar energy by 2022. To reach those goals, you will need to increase the rate of renewable energy installation by seven, from what is 3GW per year to 20GW.