In 2018, 80% of India’s total energy lending went to renewables. Coal got the rest, a major fall compared to 2017. No wonder, given coal plants have been running at below 60% utilisation for two years with the operators suffering huge losses. Renewables are now undercutting coal and getting cheaper. And shortages in water – needed for plant cooling – just add to their woes. Vibhuti Garg at IEEFA catalogues the problems, then describes the … [Read more...]