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#coal: Renewables & Storage's, Effect On?
Views: 479
Nov 17 2017 03:20 PM | eds in Economy & Politics
Prime Minister Narendra Modi targets,
. . . almost tripling renewables capacity to
. . . 175 GW by 2022.
Power distributors in India, are opting to negotiate
. . . 10-year agreements with coal power providers, rather than traditional
. . . 25-year deals.
The stretched distributors believe,
. . . the accelerated development of renewables, and storage,
. . . makes such long term agreements redundant.
“Why would buyers of power choose,
. . . to lock themselves in high-priced long-term contracts,
. . . when they can be reasonably certain of softer prices in the future,
. . . either via direct procurement deals with:
. . . . . . renewable-power generators, or
. . . . . . at the power exchange?”
11-17-2017 Source: #Coal: Renewables & Storage's, Effect on?
. . . almost tripling renewables capacity to
. . . 175 GW by 2022.
Power distributors in India, are opting to negotiate
. . . 10-year agreements with coal power providers, rather than traditional
. . . 25-year deals.
The stretched distributors believe,
. . . the accelerated development of renewables, and storage,
. . . makes such long term agreements redundant.
“Why would buyers of power choose,
. . . to lock themselves in high-priced long-term contracts,
. . . when they can be reasonably certain of softer prices in the future,
. . . either via direct procurement deals with:
. . . . . . renewable-power generators, or
. . . . . . at the power exchange?”
11-17-2017 Source: #Coal: Renewables & Storage's, Effect on?
