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India's renewable energy cost is lowest in Asia Pacific: WoodMac report

India's levelised cost of electricity using solar photovoltaic has fallen to $38 per megawatt hour this year, 14% cheaper than coal-fired power

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India's renewable energy cost is the lowest in the Asia Pacific, consultancy Wood Mackenzie said on Monday.

India's levelised cost of electricity (LCOE) using solar photovoltaic has fallen to $38 per megawatt hour (MWh) this year, 14% 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. "India is the ...

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First Published: Mon, July 29 2019. 14:04 IST