India is now producing the world’s cheapest solar power


India is now producing the world’s cheapest solar power

A short time ago, solar power was considered a marginal power source. But it is now one of the major drivers behind the transition to greener, more sustainable energy. Around the globe, prices are falling and India is now producing the world’s cheapest solar power, according to an International Renewable Energy Agency (IRENA) survey. 

The costs of building large-scale solar installations in India fell by 27% in 2018, year-on-year, thanks to a combination of low-priced panel imports from China, abundant land and cheap labour.

Average solar prices from large-scale installations in India were less than a third of Canada’s, where costs were highest of the countries surveyed. Read More

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