October 21, 2020 Read More →

Indian coal market continues downhill slide amid pandemic

Renewable Energy World:

Since the Indian government enforced a COVID-19 educed lockdown, in late March, there has been a disruption in the energy consumption pattern in India. Throughout its history, India has relied heavily on coal for its energy demand, even though its share of generation kept decreasing. However, lockdown has caused the industry to plunge rapidly. While the energy demand dropped, both commercially and industrially, the coal generation took 100 percent of the brunt by lowering their plant base load while the share of RES rose to historic highs.

The weakening position of the sector is clear as renewable energy installs nearly doubled traditional thermal power capacity installs during 2019-20. India will hit peak coal demand for its power sector within this decade, according to a 2017 analysis by the Institute for Energy Economics and Financial Analysis. There’s nothing to contradict the analysis yet. With companies committing to clean energy, investments in the lucrative renewable sector sound like the only right choice ahead. 

[Danish Sunasra]

More: The beginning of the end of coal in India

Posted in: IEEFA In the News

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