India is well on its way to meeting the renewable energy targets set during the Paris Climate agreement. With plummeting wholesale prices of solar power reaching another record low in the country, renewable energy is continuing to undercut fossil-fuel generated power. Cheaper finance and growing investor confidence have resulted in this historic 40% drop in price thereby enhancing India’s renewable energy capacity. Even as the world’s third largest carbon polluter, the country is set to exceed renewable energy targets by 2027.
Check out this Guardian article to learn more.
4MW horizontal single axis tracker in Vellakoil, Tamil Nadu, India. Image via Wikimedia Commons