September 2021

The past one decade clearly belon­gs to renewable energy. The first 100 GW of fossil fuel capacity addition took more than 60 years, whe­reas renewable energy raced to 100 GW in less than 15 years (especially the last 50 GW added over five ye­ars). Over the past few years, re­ne­­wable energy capacity addition had been consistently more than fossil fuel capacity addition. The scale of capacity addition combined with competitive bidding as well as the reduction of input costs has resulted in tariffs

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