Solar May Equal Cost of Coal Power by 2017 in India, KPMG Says
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India, Asia’s third-largest energy consumer, may be able to produce electricity from the sun as cheaply as from coal and other fossil fuel-based power plants by 2017, according to KPMG LLP.
India may install three times as much solar capacity as the government intends by 2022 if sun-powered electricity is able to match the cost of conventional power, a point referred to as grid parity, said KPMG’s Executive Director Santosh Kamath, lead author of a solar report to be released this week.