Fossil fuel most at risk due to a large-scale addition of renewable energy, led by solar, in the recent past is coal.
S&P Global Platts Analytics’ report on Global Solar Outlook (2019-2025) reveals that the coal new-builds or new coal-based power plants have declined to just four gigawatt (gw) last year.
The global energy research firm views this development as enhanced competitiveness of solar over thermal or fossil fuel in India, which will dramatically alter the energy mix of domestic power plants. Read More
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