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Title: India's renewable energy cost is lowest in Asia Pacific: WoodMac report
Source:Business Standard
Date:29 July 2019
India's renewable energy cost is the lowest in the Asia Pacific, consultancy Wood Mackenzie said on 29 July 2019. India's levelised cost of electricity (LCOE) using solar photovoltaic has fallen to $38 per megawatt hour in 2018, 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.
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