Coal-based power's market share at decade low, green energy nearly doubles

In terms of net new capacity installs to date in 2019-20, 5.7 Gw or two-thirds have been contributed by renewables whereas thermal power witnessed a net addition of 3.1 Gw

The market share of coal-fired power plants to total generation in the country has slumped to a decade low as renewable power gains currency, a study showed.

A report by US-based think tank, Institute for Energy Economics & Financial Analysis (IEEFA) says while coal-fired power generation is on track to represent 71.8 per cent of total generation (54.5 per cent of capacity) in 2019-20, this is a decade low market share. To substantiate, the report adds that the total generation from renewable is set to nearly double from three years earlier, exceeding the share of green energy in total generation