Electricity costs to fall sharply thanks to RE boom, predicts Gautam Adani

Thanks to renewable power boom, the marginal cost of electricity will continue to drop sharply and India will emerge as the least expensive producer of renewable energy, Gautam Adani, Chairman of Adani group said today.

Speaking at the TiE global conference, Adani said that as renewable power sources will always be free, there is no limit to how many electrons a power producer will be able to pull out from a square inch of silicon. “What makes this mix of solar, wind and storage even more transformational, is its combination with digitisation,” he said. Adani said just like energy, the cost of digitisation based on storage, processing, and networking will continue to follow a steep decline curve for several decades and the marginal cost of managing bits and bytes will keep dropping.