Given its soaring demand for power, it is little surprise India was the fastest-growing investor in the energy sector\u00a0last year, according to the IEA. Continuing to meet this demand will require serious investment.<\/p>\n\n\n\n

The country spent more than $20 billion on its grid last year, and the Central Electricity Authority estimated an extra $40 billion of transmission spending \u2013 the cost of getting electricity from the power plant to the substation \u2013 would be needed in the next three years. That\u2019s over half as much again as it is currently spending.<\/p>\n\n\n\n

Prime Minister Narendra Modi announced massive\u00a0solar energy investments\u00a0in 2015, pledging to surpass targets in the Paris climate agreement. But there is no getting away from the fact that coal is perceived as a cheap source of energy to feed Indians\u2019 increasing demand for power.<\/p>\n\n\n\n

From: https:\/\/www.weforum.org\/agenda\/2019\/05\/india-is-investing-more-money-in-solar-power-than-coal-for-first-time\/<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

In India coal is king. It powers huge swathes of the country and its use is still rising. But there are signs that coal’s dominance might one day be challenged. India’s investments in renewable sources are now outpacing those in fossil fuels, according to a report by the\u00a0International Energy Agency. Total renewable power investments topped…
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