Renewable energy, on the other hand, comes with hidden costs, Subramanian said in a lecture organised by think tank The Energy and Resources Institute (TERI). Subramanian called for setting up a global coalition for clean coal technology, mirroring the international solar alliance, which could find ways of sustainable use of coal in power generation. Although the solar power tariff keeps declining due to a fall in imported solar panel costs, renewable power projects bear the extra cost of power storage equipment. However, industrial consumers, which bear cross-subsidy for domestic consumers, find solar power cost attractive. This renegotiation could transfer the stress in the power distribution sector to the renewable energy sector.

Source: Mint August 17, 2017 16:52 UTC