Featured in Batteries to center stage – 02-2021

What Asia needs to turn away from coal

Given the rapid decrease of the solar electricity cost, pv magazine explores the drivers and obstacles behind switching off coal and embracing photovoltaics and other renewable energy technology in Asia. The good news: things are moving in the right direction.

By

Ilias Tsagas

11 Feb 2021

Image: Asian Development Bank

A report published by BloombergNEF’s Climate Finance Leadership Initiative in September 2019 states that: “New wind and solar have become more cost-competitive than coal in most of the world. Provided there is sufficient revenue certainty and policy stability, developers can now deliver lower-cost electricity using mainstream renewables than can coal-fired technologies.” The report, titled “Financing …

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