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Solar power could be 10% cheaper than coal-based power by 2020 - KPMG

Power News - Published on Tue, 17 Nov 2015

Image Source: Economic Times
Consultancy firm KPMG said that solar power could be up to 10% cheaper than coal-based power by 2020.

KPMG said that "Today, in India, solar prices are within 15% of the coal power prices on a levelised basis. While this may not fully capture costs such as grid integration costs for solar, our analysis suggests that even after considering the same, solar prices would be competitive with coal. Our forecast is that by 2020, solar power prices could be up to 10% lower than coal power prices."

Solar power tariff in India touched a record low early this month with US-based SunEdison's winning bid of INR 4.63 per unit for a contract to sell 500 mw of solar energy to state-run NTPC Ltd. The tariff is about 15% less than the industry average and 8% below the previous low of INR 5.05 per unit quoted by Canada's SkyPower for a tender in Madhya Pradesh.

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Posted By : Rabi Wangkhem on Tue, 17 Nov 2015
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