Cheap solar and wind energy prices are killing India’s coal power plants — Quartz

A general view of Adani Power Company thermal power plant is pictured at Mundra in the western Indian state of Gujarat September 24, 2012. As global mining giants scale back their ambitions in Australia's coal sector, Indian billionaire Gautam Adani is showing no such caution and plans to push full-steam ahead with a $4.5 billion project in a bet on rising Indian demand. Picture taken September 24, 2012. To match interview INDIA-ADANI/ REUTERS/Amit Dave (INDIA - Tags: BUSINESS ENERGY) - GM1E89P1LGJ01

Over the last year, wind and solar power tariffs have fallen to a record low of around Rs2.4 per unit, much lower than the average of Rs3.7 per unit at which analysts say coal-based power is currently being sold on India’s power exchanges.

via Cheap solar and wind energy prices are killing India’s coal power plants — Quartz