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April 19, 2016 08:00 pm

Solar Is Now Cheaper Than Coal, Says India Energy Minister

An anonymous reader cites a report on Climate Change News: India is on track to soar past a goal to deploy more than 100 gigawatts of solar power by 2022, the country's energy minister Piyush Goyal said on Monday. Speaking at the release of a 15-point action plan for the country's renewable sector, Goyal said he was now considering looking at "something more" for the fast-growing solar sector. "I think a new coal plant would give you costlier power than a solar plant," he said. "Of course there are challenges of 24/7 power. We accept all of that -- but we have been able to come up with a solar-based long term vision that is not subsidy based." In the past financial year, nearly 20GW of solar capacity has been approved by the government, with a further 14GW planned through 2016 according to the Union Budget.More details here. "I met this man in Meghalaya, who has a solar set-up for his homestay. He mentioned that only the initial setting up costs you much," Deepika Gumaste, a travel writer told Slashdot. "But once you have set it up, the operating costs are not much and more importantly, the environmental costs also go down. Good on your pockets too in the long run." It is worth pointing out that India is currently among the handful of nations that is increasing its coal consumption, according to a Guardian report from late last year. Also see: India aims to become 100% electric vehicle nation by 2030.

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