According to the members, India’s fuel basket will be a mix of conventional and clean energy. While solar is the cheapest during the day at ?2.4-4 per unit, at night, coal is cheapest at ?3.50 a unit. This is because solar reaches a rate of ?12 at night since it needs to be stored. Solar energy seems to have got some traction in the space and leads the pack of clean fuels with a CAGR of 55%.The members also said that solar energy has great fundamentals and will perform best when it is not worried over government policies. Its current energy use is just 0.6 tonne of energy equivalent per capita.

Source: Economic Times January 27, 2020 01:30 UTC