In 2019, global coal power generation will experience the biggest drop ever and coal power generation in India will probably decline for the first time in 45 years, according to according to the International Energy Agency’s latest market analysis and forecasts. Coal still fuels India’s robust economic growth. India aims to become an economy of […]
Coal Power Unsustainable, Sharp Decline in Lending by Financial Institutions, Says CFA Report
The Centre for Financial Accountability has found that only five coal power projects with a total capacity of 3800 MW received financing of ₹6,081 crore in 2018. New Delhi: Amid economic slowdown, a latest report reveals a sharp decline in lending to coal power projects of country in 2018. According to ‘Coal Vs Renewable – […]
World Bank approves China loan for US$750m energy storage accelerator programme
After approving investment for the acceleration of energy storage deployment in developing countries to the tune of US$1 billion a few months ago, the World Bank has now approved a US$300 million loan to do the same in China. China is the world’s most prolific installer of renewable energy and by the end of 2018 […]
SaltX aims to compete with pumped hydro’s economics as 10MWh pilot launches
Electrical and heat storage using specially nanocoated salt (NCS) could be economically competitive with pumped hydro, SaltX has said, with a large-scale demonstration facility inaugurated in Berlin, Germany. Headquartered in Sweden, SaltX has been “working with salts for 15 years”, the company’s marketing director Eric Jacobson told Energy-Storage.news today. This specific application for the salt-based energy storage […]
After a decade of slump, investment in coal power may rebound, courtesy MP
Sector experts said the project cost would be around Rs 8 crore per unit resulting in tariff of Rs 5.5-6 per unit. Investment in coal-based power could rebound after over a decade, with two mega-size projects. Madhya Pradesh (MP) has issued two tenders for setting up thermal power capacity of 1,320 megawatts (Mw) each. The […]
