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- - World's Biggest Coal Company Closes 37 Mines as Solar Prices Plummet (https://gfy.com/showthread.php?t=1276048)

2MuchMark

08-15-2017 10:29 AM

World's Biggest Coal Company Closes 37 Mines as Solar Prices Plummet

Suck it, Petrol heads.

https://www.ecowatch.com/india-coal-...ampaign=buffer

Quote:

World's Biggest Coal Company Closes 37 Mines as Solar Prices Plummet
The rapid growth in renewable energy continues to put a dent in the demand for coal.

Coal India, the world's biggest coal mining company and producer of 82 percent of the country's coal, announced the closure of 37 mines that are financially "unviable."

The sites make up roughly nine percent of the total mines operated by Coal India. The company is expected save Rs 800 crore ($124 million) from the closures.

India's energy market is undergoing a rapid transformation as it moves away from fossil fuels. Last month, the country cancelled plans to build nearly 14 gigawatts of coal-fired power stations.

Notably, solar has been cheaper than coal-based electricity in India for the past several months. According to Quartz:

"At an auction for 500 megawatt (MW) of capacity at the park on May 12, the state-run Solar Energy Corporation of India (SECI) managed to discover a record-low tariff of Rs 2.44 per kilowatt-hour (kWh). The previous low was two days before that when tariffs hit Rs 2.62 per kWh during auctions for another phase of Bhadla solar park.

"The country's largest power company, NTPC, sells electricity from its coal-based generation units at a princely Rs 3.20 per kWh."

The National Thermal Power Corporation of India said that the country currently hosts a solar power capacity of 845 megawatts, after the recent addition of a 225 megawatt solar farm, the Mandsaur Solar Power Project.

pimpmaster9000

08-15-2017 10:40 AM

I did not have to read the article to know it was not in the USA that this happened...well done india...

TheDynasty

08-15-2017 10:54 AM

#ThanksTrump

BaldBastard

08-15-2017 10:59 AM

Quote:

Originally Posted by crucifissio (Post 21955639)

I did not have to read the article to know it was not in the USA that this happened...well done india...

USA does not need to worry about this shit, they can easily compete against countries that use clean free energy by using fossil fuels.

Only dumb libs think that populations around the world are demanding cleaner and more organic foods and that's why Trump is making America future proof by increasing fossil fuel production cutting funds to green projects and rolling back those pesky regulations that stop mercury and the likes being dumped in rivers.

Who gives a fuck what your children will inherit when you can make a billion today!!!

--

Correct me if I'm wrong with that assumption

Barry-xlovecam

08-15-2017 11:04 AM

Quote:

Originally Posted by MrBaldBastard (Post 21955669)

USA does not need to worry about this shit, they can ...

Who gives a fuck what your children will inherit when you can make a billion today!!!

--

Correct me if I'm wrong with that assumption

Sounds about right -- jobs for coal miners and oil workers MAGA. Trump is a big man in the oil patch and the coal mines BIGLY big!

Most American businesses are ignoring his stupidity FYI.

2MuchMark

08-15-2017 11:56 AM

Quote:

Originally Posted by MrBaldBastard (Post 21955669)

So will you be buying some coal stocks today?

pimpmaster9000

08-15-2017 04:40 PM

india is huge and this is a big big win for the planet...theres a billion of them and they are energy hungry...moving away from coal to solar is huge news IRL...

other countries are bound to follow, if it is cheap enough in india then china is not too far away...it is only a matter of time before they drop a few hundred billion on it like absolute bosses...

I hope this gives a redhat an anal fissure...

slapass

08-15-2017 07:21 PM

Sort of makes you wonder why our head guy can't understand this?

Joshua G

08-15-2017 07:35 PM

newsflash dumb libs- your teslas run on coal.

idiots.

:1orglaugh

2MuchMark

08-15-2017 07:55 PM

Quote:

Originally Posted by Joshua G (Post 21956539)

newsflash dumb libs- your teslas run on coal.

idiots.

:1orglaugh

Not all of them. You're stupid. But you know that. Just keep fucking that chicken.

MPGdevil

08-15-2017 10:54 PM

Who would have known.
India moving up the ladder to first world countries, while US is on their way down with Trump at the steering wheel.

MPGdevil

08-15-2017 10:59 PM

Quote:

Originally Posted by Joshua G (Post 21956539)

newsflash dumb libs- your teslas run on coal.

idiots.

:1orglaugh

And that's a great thing?

Idiot.

spads

08-15-2017 11:44 PM

Quote:

Originally Posted by MPGdevil (Post 21956785)

And that's a great thing?

Idiot.

It's not a great thing. However, it's already been proven in Denmark that the only way Tesla can sell cars is with government subsidies. Governments shouldn't be subsidizing any industry. Remove those and whatever comes out on top is the best solution.

Paul Markham

08-16-2017 02:39 AM

coal is on the way out and being replaced by renewables. Trump is stupid to try and stop it. He should be looking to save jobs going to China, Russia, etc.

Manfap

08-16-2017 09:09 AM

Whilst a good thing for the enviroment.... how many people did that put out of work?

MaDalton

08-16-2017 09:40 AM

Quote:

Originally Posted by Manfap (Post 21957457)

Whilst a good thing for the enviroment.... how many people did that put out of work?

while eventually tragic for the individual that loses his job, there are hundreds of professions that do not exist anymore cause they became obsolete over the centuries.

Manfap

08-16-2017 11:00 AM

Quote:

Originally Posted by StefanG (Post 21957511)

while eventually tragic for the individual that loses his job, there are hundreds of professions that do not exist anymore cause they became obsolete over the centuries.

Yep like the north of England, when the pits closed, it took 20 odd years to get employment levels back up with new industries.

xx,xxx thousands of people in one area suddenly without work, that always causes problems.

blackmonsters

08-16-2017 11:16 AM

Quote:

Originally Posted by Manfap (Post 21957457)

Whilst a good thing for the enviroment.... how many people did that put out of work?

How many of them will be out of work when the rest of us die from smog?

Manfap

08-16-2017 11:21 AM

Quote:

Originally Posted by blackmonsters (Post 21957694)

How many of them will be out of work when the rest of us die from smog?

Did I say it was a bad thing? I just asked about the workers... but hey fuck them.... they're only Indians anyway.

crockett

08-16-2017 12:10 PM

Thanks Trump...

Hannes

08-16-2017 12:51 PM

its not effective for businesses, but for the environment its a good choice. Eventually things are going to have to change if we keep screwing up our atmosphere the rate we are doing so now. Regardless, solar energy is most likely going to end up taking over coal at some point.

ruff	08-16-2017 01:09 PM

Quote:

Originally Posted by slapass (Post 21956524)

Sort of makes you wonder why our head guy can't understand this?

Nobody wonders why tRump can't understand this. He is an unqualified idiot buffoon and a kiss-ass nazi lover.

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