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Coal use dented by India’s 100 GW solar plan – but is it a bridge too far?


Coal use dented by India’s 100 GW solar plan – but is it a bridge too far?

Report summary

Seaborne thermal coal suppliers, already reeling from a combination of low prices, overcapacity, weakening Asian demand growth and a rapid slowdown of imports in China, could face even more pressure as India expands its solar profile. India’s Union Cabinet approved Mr. Modi’s solar power capacity target of 100 GW by 2022. If this ambitious target is met, solar plants could displace up to 60 Mt of thermal coal by 2022 and place India on a path to consume significantly less import coal by 2035.

What's included?

This report includes 2 file(s)

  • Coal use dented by India’s 100 GW solar plan – but is it a bridge too far? PDF - 438.71 KB 8 Pages, 1 Tables, 5 Figures
  • Solar India.xls XLS - 761.50 KB

Description

This Coal Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

Participants, suppliers and advisors can use it to look at the trends, risks and issues within the coal industry and gain an alternative point of view when making decisions.

Wood Mackenzie is the only coal industry service provider that offers a market outlook integrated with other sector analyses, including macroeconomics, coal supply, steel markets and gas and power markets.

Our coal analysts are based in the markets they analyse. They work with objective, proprietary data to help you maximise your current and future decision making. From market dynamics to trade patterns, we give you confidence in your strategic planning.

  • Introduction
  • The potential for solar in India is exciting
  • What is the government plan?
  • Is India’s 2022 solar goal of 100 GW a bridge too far?
    • Political will, lower costs and a plan for the future will stimulate solar construction
    • Multiple political, financial, technical and cost hurdles could thwart solar progress
  • What is the threat to thermal coal from solar?
  • Conclusion

In this report there are 6 tables or charts, including:

  • Introduction
  • The potential for solar in India is exciting
    • Solar power potential (GWp)
    • Grid-connected solar power (MW)
  • What is the government plan?
  • Is India’s 2022 solar goal of 100 GW a bridge too far?
  • What is the threat to thermal coal from solar?
    • Currently operating capacity associated with imports by state (Mt)
    • Currently operating capacity associated with imports by state (Mt)
    • Potential impact of JNNM solar capacity goals on seaborne thermal coal imports (Mt)
    • Potential impact of Prime Minister Modi’s solar capacity goals on seaborne thermal coal imports (Mt)
  • Conclusion
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