The Covid-19 pandemic could help trigger an uptake in renewable power infrastructure and generation in India, according to a new report published by the Institute for Energy Economics and Financial Analysis (IEEFA).
The report, ‘Who would still fund a new coal power plant in India?’ , draws on a decade of data to highlight a steady decline in new coal projects in India, noting that there was an 80% decline in new thermal power installations in the four years to the 2015-16 financial year alone, while renewable energy delivered more than two-thirds of India’s new generating capacity in the 2019-20 financial year.
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Read more about the impacts of the pandemic on Indian coal here.
