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India’s Coal Crisis May Spur Shift to Clean Energy, ReNew Says

  • Shortages making coal power expensive, ReNew’s Sinha says
  • India needs more renewables to avoid structural power deficit
A truck laden with coal in Jharia, Jharkhand, India.

A truck laden with coal in Jharia, Jharkhand, India.

Photographer: Sanjit Das/Bloomberg

India’s power crisis is likely to accelerate adoption of renewables as shortages make coal-fired electricity more expensive, according to Sumant Sinha, chairman of the South Asian clean-energy giant ReNew Energy Global Plc.

Wind and solar power -- even after import tariffs on cells and modules -- are often cheaper than coal power and frequent supply disruptions for the dirtiest fossil fuel are expanding the price gap, Sinha said in an interview at Bloomberg’s headquarters in New York. Coal prices have surged as states scramble to line up shipments and prevent widespread blackouts