Renewable energy has become cheaper than conventional energy sources simply by avoiding the cost of fuel that would otherwise need to be mined or, in the case of natural gas, imported to generate the same electricity.
Researchers at UC Santa Barbara have just released a study that demonstrates why India should double down on renewables.
The study examines electricity and carbon mitigation costs associated with achieving aggressive renewable energy targets in India’s electricity grid in 2030, and finds that wind-majority or balanced wind-solar targets have the most cost-effective potential for power in India.
Researcher Ranjit Deshmukh, and co-authors Duncan Callaway and Amol Phadke, reveal in a paper published in the Proceedings of the National Academy of Sciences that building significant numbers of wind and solar plants (600 GW) will reduce how often fossil fuel power plants must run.
Source: IANS
