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bananas

(27,509 posts)
Fri Mar 18, 2016, 08:16 PM Mar 2016

Cheaper renewable energy has soared past nuclear power (Special to IANS)

Source: Indo-Asian News Service

Renewable energy in India has overtaken nuclear power as the country seeks carbon-free sources of energy to balance its reliance on coal. Such energy generation in India is higher than its nuclear power generation and is growing at a much faster pace because it is cheaper and quicker to install. The cost of renewable energy is now lower than the cost of nuclear power and does not come with attendant risks, such as this week's radioactive fuel leak in Gujarat.

Renewable-energy generation in India was 61.8 billion units, versus 36.1 billion units of nuclear-power generation during the financial year (FY) 2014-15. Renewable energy accounted for 5.6 percent of electricity generated in India, against 3.2 percent for nuclear power.

Renewable energy has been growing at a faster pace than nuclear power over two years. During 2013-14 and 2014-15, renewable energy grew at 11.7 percent and 16.2 percent, respectively, while nuclear-power growth has been almost flat over the same period.

If the 2022 solar target is met, it will become India's second largest energy source. The bulk of India's renewable energy comes from wind, but solar energy is growing faster with installed capacity reaching 5,775 mega watts (MW) in February 2016. The national solar mission has set a target of 100,000 MW of solar power by 2022. If this target is met, renewable energy will become the second largest source of power for India after coal, and ahead of hydropower, natural gas and nuclear energy.

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Read more: http://www.business-standard.com/article/news-ians/cheaper-renewable-energy-has-soared-past-nuclear-power-special-to-ians-116031800578_1.html

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Cheaper renewable energy has soared past nuclear power (Special to IANS) (Original Post) bananas Mar 2016 OP
The fastest growing source of energy in India is coal. NNadir Mar 2016 #1
Investors are avoiding coal stocks daleo Mar 2016 #4
The USis exporting coal. joshcryer Mar 2016 #5
Coal stats daleo Mar 2016 #6
Investors are fools. Like everyone else, they run with the herd. NNadir Mar 2016 #7
LOL!!!!111 jpak Mar 2016 #9
a "gas chronograph"???? jpak Mar 2016 #10
Solar will soon crush fossil fuel energy as decentralization rapidly increases. ErikJ Mar 2016 #2
Aren't there states where it's illegal to install your own solar? truthisfreedom Mar 2016 #3
Saudis also change right now to total Renewable energy. Sunlei Mar 2016 #8
I don't see them dominating renewables daleo Mar 2016 #11

NNadir

(33,368 posts)
1. The fastest growing source of energy in India is coal.
Fri Mar 18, 2016, 09:38 PM
Mar 2016

The anti-nuke so called "renewable energy" industry loves to talk in "percent talk" because it makes it look less useless than it actually is.

If I have 50 cents, it's easy to increase my holdings by 1000%. I can work a few hours at Burger King.

If I have 20 million dollars, it's a little more difficult to do that.

The so called "renewable energy" industry is a grotesque failure, the signature of its failure being written clearly by simply using a gas chronograph to measure carbon dioxide concentrations in the atmosphere.

Everywhere, this awful, failed industry sucks money out of the pockets of the poor to subsidize the rich with "feed in tariffs."

It's no different in India.

The current world energy demand is 560 exajoules. The solar and wind industry, after decades of screaming for subsidies - and getting them - after endless tiresome and delusional claims of being "economical" doesn't produce 5 of them. The entire solar and wind industries, after 50 years of peacock parades of nonsense didn't produce as much energy as the increase in dangerous natural gas consumption in 2014 alone.

daleo

(21,317 posts)
6. Coal stats
Sun Mar 20, 2016, 11:07 AM
Mar 2016

EIA estimates that U.S. coal production for February 2016 was 54 million short tons (MMst), a 4 MMst (7%) decrease from the previous month and 18 MMst less than in February 2015. Forecast coal production is expected to decrease by 111 MMst (12%) in 2016, which would be the largest annual percentage decline since 1958. In 2016, forecast Appalachian and Western region production declines by 9% and 17%, respectively, and Interior region production falls by 4%.

http://www.eia.gov/forecasts/steo/report/coal.cfm

NNadir

(33,368 posts)
7. Investors are fools. Like everyone else, they run with the herd.
Sun Mar 20, 2016, 11:33 AM
Mar 2016

The investment community is littered with worthless paper that represented "investment" in so called "renewable energy" schemes.

The "investment" community "invested" nearly two trillion bucks in the last 10 years in solar and wind energy. This amount is more than the Gross National Product of 179 of 192 nations listed by the World Bank.

And yet, despite this idiotic investment in what is effectively an energy Ponzi scheme, the rate of growth of carbon dioxide in the atmosphere - a truer measure of the success of this so called "investment" - is written clearly in the concentration of carbon dioxide in the planetary atmosphere. The year just passed, 2015, was the first year in the history of measurement where the concentration grew by more than 3.00 ppm, 3.05 ppm to be exact.

Annual Growth Rates in carbon dioxide concentrations at Mauna Loa

Based on the data at Mauna Loa, comparing weekly data with the same week the year before, the rate for 2016, as measured thus far, is currently averaging 3.15 ppm.

February 2016 set an all time record for any month compared to the same month the year before, 3.76 ppm over February of 2015.

We hear a lot of bitching and moaning here about capitalism here at DU, most loudly from the same people who support the useless so called "renewable energy" industry. But when they come to defend the indefensible, robbing the poor to subsidize the "renewable energy" fantasies of rich bourgeois types, they immediately appeal to capitalist investors.

Now, I am not a socialist myself, I believe strongly in a mixed economy, where government serves to protect the commons, including our air, water, and land. However, I am not a supporter of a dictatorship of MBA's, at least MBA's who have no other knowledge beyond paper shuffling.

Unfortunately, my dream, a world of intelligent investors, wise investors, does not exist. The so called "investment" in a technological scheme that clearly doesn't work but nonetheless sounds better than it is, so called "renewable energy" which is, in fact, not sustainable, demonstrates that in spades.

 

ErikJ

(6,335 posts)
2. Solar will soon crush fossil fuel energy as decentralization rapidly increases.
Fri Mar 18, 2016, 10:12 PM
Mar 2016

And centralized fossil carbon energy production will become a thing of the past.

Sunlei

(22,651 posts)
8. Saudis also change right now to total Renewable energy.
Sun Mar 20, 2016, 12:15 PM
Mar 2016

Been in the business media for several months/years. They've invested billions in renewables.

Saudi Arabia finds itself in the fortunate position whereby it can effortlessly switch from dominating the energy market of the 20th century through oil to dominating the 21st century with renewables.

Al-Naimi believes that solar power will benefit the economy even more than fossil fuels. The evidence for this is that global investment in renewables jumped 16% in 2014, with solar attracting over half the total funding for the first time, driven by a 80% decline in manufacturing costs for solar in the last six years.

daleo

(21,317 posts)
11. I don't see them dominating renewables
Mon Mar 21, 2016, 12:13 AM
Mar 2016

The point of renewables, is that they are widely available over the Earth. That's one of the main reasons that Germany is investing heavily - they want energy sources that are securely within their own borders.

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