1 min read

India Announced Plan to Step Away from Coal, Doubts Loom on Adani Mine

India has released a new power plan that promotes an increase in renewable energy and raises doubts about the Indian-owned Adani Group’s coal mine located in Queensland. This new national electricity plan says India will not need any additional coal-fired energy capacity in the next decade as reported by ABC News. 

Piyush Goyal, India’s energy minister pointed to a renewables pivot when he spoke to Four Corners last year. Tim Buckley of the Institute for Energy Economics and Financial Analytics stated that the development was bad news for the Australian coal industry. He said that India have 50 GW of coal-fired power plants under construction already, thus it’s far better to complete them than write them off as stranded assets. He also said that the plan had left the Adani proposal as stranded.

Despite these looming doubts, the Australian Government is planning to provide a $1 billion subsidised loan to Adani in building a railway to the planned mine

Mr. Buckley said the International Energy Agency (IEA) had predicted that hundreds of gigawatts of new coal-fired power plants would be raised in India in the next few decades.

Click here to read the full story on ABC News

Featured Image Credit: Kiran Jonnalagadda

Adani Will Start Constructing Solar Projects in Australia by Next Year

Adani Enterprises announced that it proposes to go ahead with the construction of two major solar projects in Australia next year, each with an...

Read More

India Is Planning to Have 60% of Electricity Through Renewables by 2017

The Guardian reported that the Indian government has predicted that it will exceed the renewable energy targets set in Paris last year by nearly half...

Read More

This Week in Solar: Solar Trust Centre Weekly Recap

Here are some solar news stories you may have missed from this week. Click on the links to read these stories in more detail.

Read More