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.” 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…
Read MoreWorld’s Biggest Coal Company Closes 37 Mines As Solar Prices Plummet – EcoWatch
