Archived Column: Coal going from winner to loser in India's energy future (uk.reuters.com)
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Archived Column: Coal going from winner to loser in India's energy future (uk.reuters.com)
submitted ago by burtzev
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[–] derram ago
https://archive.ph/iikY9 :
'Tata Power is instead focusing on buying coal-fired power plants that are effectively distressed assets. '
'A further issue for India’s coal sector is that banks are becoming reluctant to lend to new ventures, and insurers are also becoming less keen to offer cover. '
'This is largely because the risk that new coal plants are unviable is rising, with 40.1 GW of Indian coal plants currently assessed as “stranded assets,” according to research published by the Institute for Energy Economics and Financial Analysis. '
'As of January, India had 36.12 gigawatts (GW) of coal capacity under construction and 220 GW operating, according to the data. '
'No, the main reason coal may battle to fuel India’s future energy needs is that it’s simply becoming too expensive relative to renewable energy alternatives such as wind and solar. '
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