India’s renewable energy cost lowest in Asia Pacific: report
India’s renewable energy cost is the lowest in the Asia Pacific, consultancy Wood Mackenzie said on Monday.
The levelised cost of electricity (LCOE) using solar photovoltaic has fallen to $38 per megawatt hour (MWh) this year, 14 percent cheaper than coal-fired power that has traditionally been the cheapest source of power generation, WoodMac said.
LCOE comprises the cost of generating a megawatt-hour (MWh) of electricity, the upfront capital and development cost and the cost of equity and debt finance and operating and maintenance fees.
