GE Turbines Help Greenko Push India’s Wind-Power Cost Below Coal

The cost of wind power has dropped below the price of coal-fired energy in parts of India for the first time as improved turbine technology and rising fossil-fuel prices boost its competitiveness, Greenko Group Plc said.

“Today we’re able to supply energy below the cost of conventional power,” said Mahesh Kolli, president of Greenko, which is building wind projects with General Electric Co. in India. “That’s the key development for this year.”