Quantcast
Environmental News for a Healthier Planet and Life

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

Popular
World's Biggest Coal Company Closes 37 Mines as Solar Prices Plummet
The Kamuthi solar plant in the southern Indian state of Tamil Nadu.

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."

Pexels

By Jessica Corbett

A new study is shedding light on just how much ice could be lost around Antarctica if the international community fails to urgently rein in planet-heating emissions, bolstering arguments for bolder climate policies.

The study, published Thursday in the journal Geophysical Research Letters, found that over a third of the area of all Antarctic ice shelves — including 67% of area on the Antarctic Peninsula — could be at risk of collapsing if global temperatures soar to 4°C above pre-industrial levels.

Read More Show Less
EcoWatch Daily Newsletter
Valley of the Gods in the heart of Bears Ears National Monument. Mint Images / Getty Images

By Sharon Buccino

This week, Secretary Haaland chose a visit to Bears Ears National Monument as her first trip as Interior Secretary. She is spending three days in Bluff, Utah, a small town just outside the monument, listening to representatives of the five tribes who first proposed its designation to President Obama in 2015. This is the same town where former Secretary Sally Jewell spent several hours at a public hearing in July 2016 before recommending the monument's designation to President Obama.

Read More Show Less
Trending
Pexels

By Anthony Richardson, Chhaya Chaudhary, David Schoeman, and Mark John Costello

The tropical water at the equator is renowned for having the richest diversity of marine life on Earth, with vibrant coral reefs and large aggregations of tunas, sea turtles, manta rays and whale sharks. The number of marine species naturally tapers off as you head towards the poles.

Read More Show Less
"Secrets of the Whales" is a new series that will start streaming on Disney+ on Earth Day. Disney+

In celebration of Earth Day, a star-studded cast is giving fans a rare glimpse into the secret lives of some of the planet's most majestic animals: whales. In "Secrets of the Whales," a four-part documentary series by renowned National Geographic Photographer and Explorer Brian Skerry and Executive Producer James Cameron, viewers plunge deep into the lives and worlds of five different whale species.

Read More Show Less
Spring is an excellent time to begin bird watching in earnest. Eugenio Marongiu / Cultura / Getty Images

The coronavirus has isolated many of us in our homes this year. We've been forced to slow down a little, maybe looking out our windows, becoming more in tune with the rhythms of our yards. Perhaps we've begun to notice more, like the birds hopping around in the bushes out back, wondering (maybe for the first time) what they are.

Read More Show Less