4 ms·
This will definitely lower the demand for coal, which in turn could lower its prices as well. This is good, because India might still need few coal power plants
by azazqadir 11y ago
This will definitely lower the demand for coal, which in turn could lower its prices as well. This is good, because India might still need few coal power plants, considering its population size.
- shard972 11y agoConsidering that India is making progress on nuclear, it would seem inevitable that they shut down a few if not all of them.
- rathish_g 11y agoNo! Solar is solar; depends on available sunlight. India is not going to shut any nuclear power plant and is working on new one or next phase of existing ones.
- TheSpiceIsLife 11y agoI believe the parent meant they'd shut down coal plants in favour of nuclear.
- kristopolous 11y agoThe important part here is that solar is still under heavy R&D with consistent real-world non-zero advances in efficiency and cost reduction while coal has, AFIAK plateaued. Even under perfect market conditions, solar will still, eventually price-cut coal.