Wholesale solar power prices have reached another record low in India, faster than analysts predicted and further undercutting the price of fossil fuel-generated power in the country.
The tumbling price of solar energy also increases the likelihood that India will meet – and by its own predictions, exceed – the renewable energy targets it set at the Paris climate accords in December 2015.
India is the world’s third-largest carbon polluter, with emissions forecast to at least double as it seeks to develop its economy and lift hundreds of millions of citizens out of poverty.
See https://www.theguardian.com/environment/2017/may/10/indian-solar-power-prices-hit-record-low-undercutting-fossil-fuels
Indian solar power prices hit record low, undercutting fossil fuels | Environment | The Guardian
Indian solar power prices hit record low, undercutting fossil fuels | Environment | The Guardian