Quantcast
Popular
The Kamuthi solar plant in the southern Indian state of Tamil Nadu.

World's Biggest Coal Company Closes 37 Mines as Solar Prices Plummet

The rapid growth in renewable energy continues to put a dent in the demand for coal.

Coal India, the world's biggest coal mining company and producer of 82 percent of the country's coal, announced the closure of 37 mines that are financially "unviable."


The sites make up roughly nine percent of the total mines operated by Coal India. The company is expected save Rs 800 crore ($124 million) from the closures.

India's energy market is undergoing a rapid transformation as it moves away from fossil fuels. Last month, the country cancelled plans to build nearly 14 gigawatts of coal-fired power stations.

Notably, solar has been cheaper than coal-based electricity in India for the past several months. According to Quartz:

"At an auction for 500 megawatt (MW) of capacity at the park on May 12, the state-run Solar Energy Corporation of India (SECI) managed to discover a record-low tariff of Rs 2.44 per kilowatt-hour (kWh). The previous low was two days before that when tariffs hit Rs 2.62 per kWh during auctions for another phase of Bhadla solar park.

"The country's largest power company, NTPC, sells electricity from its coal-based generation units at a princely Rs 3.20 per kWh."

The National Thermal Power Corporation of India said that the country currently hosts a solar power capacity of 845 megawatts, after the recent addition of a 225 megawatt solar farm, the Mandsaur Solar Power Project.

"India's solar sector has received heavy international investment, and the plummeting price of solar electricity has increased pressure on fossil fuel companies in the country," as The Independent reported. "The government has announced it will not build any more coal plants after 2022 and predicts renewables will generate 57 percent of its power by 2027—a pledge far outstripping its commitment in the Paris climate change agreement."

Show Comments ()

EcoWatch Daily Newsletter

Sponsored
Animals

Dumpster Debacle Distracts From Serious Spike in Whale Deaths

This week, a video of a failed attempt to put a dead, 4,000-pound whale into a tiny dumpster made the rounds on the internet, garnering chuckles and comparisons to Peter Griffin forklifting and impaling a beached sperm whale on Family Guy.

The juvenile minke whale washed up on Jenness Beach in Rye, New Hampshire on Monday morning, NBC 10 Boston reported. It was found with entanglement wounds, so researchers with the Seacoast Science Center and the National Oceanic and Atmospheric Administration (NOAA) wanted to move the carcass from the beach to a lab for a necropsy to study its death.

Keep reading... Show less
Adventure
Muir Woods, which costs $10 for entry, will have free entry on Sept. 22. m01229 / Flickr / CC BY-NC 2.0

Visit Any National Park for Free This Saturday to Celebrate 25th National Public Lands Day

If you're stuck for plans this weekend, we suggest escaping your city or town for the great outdoors.

This Saturday marks the 25th National Public Lands Day, organized by the National Environmental Education Foundation (NEEF).

Keep reading... Show less
Climate
A glacier flows towards East Antarctica. NASA Goddard Space Flight Center / CC BY 2.0

Temperatures Possible This Century Could Melt Parts of East Antarctic Ice Sheet, Raise Sea Levels 10+ Feet

A section of the East Antarctic Ice Sheet that contains three to four meters (approximately 10 to 13 feet) of potential sea level rise could melt if temperatures rise to just two degrees above pre-industrial levels, a study published in Nature Wednesday found.

Researchers at Imperial College London, the University of Queensland, and other institutions in New Zealand, Japan and Spain looked at marine sediments to assess the behavior of the Wilkes Subglacial Basin during warmer periods of the Pleistocene and found evidence of melting when temperatures in Antarctica were at least two degrees Celsius above pre-industrial levels for periods of 2,500 years or more.

Keep reading... Show less
Energy
Oil well in North Dakota. Tim Evanson / Flickr / CC BY-SA 2.0

Pipeline Leaks 63,840 Gallons of Produced Water in North Dakota

A pipeline released 63,840 gallons (1,520 barrels) of produced water that contaminated rangeland in Dunn County, North Dakota, the Bismarck Tribune reported, citing officials with the North Dakota Department of Health.

Produced water is a byproduct of oil and gas extraction, and can contain drilling chemicals if fracking was used.

Keep reading... Show less
Sponsored
Insights
Residents stand in a long queue to fill water containers on May 27 in Shimla, India. Deepak Sansta / Hindustan Times / Getty Images

World Peace Requires Access to Safe Water

International Peace Day is Sept. 21. Mekela Panditharatne, attorney with the Natural Resources Defense Council, submitted the following op-ed to EcoWatch in commemoration.

In drought-ravaged East Africa, the cracks in the plains echo the fault lines splitting tribes.

Across the globe, the devastation of deadly brawls is being exacerbated by tensions over access to water. Water crises, often worsened by governance failures, can portend warning signs for instability and conflict. This year, the World Resources Institute cautioned that water stress is growing globally, "with 33 countries projected to face extremely high stress in 2040." The effects of such water stress span the gamut from civil unrest to open warfare.

Keep reading... Show less
Food

How Your Personality Type Could Influence Your Food Choices

By Melissa Kravitz

"You are what you eat" may be one of the oldest sayings ever to be repeated around the dinner table, but can you also eat what you are?

Keep reading... Show less
Sponsored
Climate
A child rides his bicycle in an area affected by the Hurricane Maria passing in Toa Baja, Puerto Rico on Oct. 5, 2017. RICARDO ARDUENGO / AFP / Getty Images

Hurricane Maria's Legacy: One Year Later

As Puerto Rico marked one year since Hurricane Maria made landfall yesterday, the Miami Herald this week ran extensive reports in English and Spanish on the island's continuing recovery.

Keep reading... Show less
Science
A foldable, biodegradable battery based on paper and bacteria. Seokheun Choi / Binghamton University, CC BY-ND

Could Paper Power the Next Generation of Devices?

By Seokheun Choi

It seems like every few months there's a new cellphone, laptop or tablet that is so exciting people line up around the block to get their hands on it. While the perpetual introduction of new, slightly more advanced electronics has made businesses like Apple hugely successful, the short shelf life of these electronics is bad for the environment.

Keep reading... Show less
Sponsored

mail-copy

The best of EcoWatch, right in your inbox. Sign up for our email newsletter!