Bangladesh has initiated a fast-track move to award new contracts to generate around 1,000 MW of electricity from renewable energy and bring it online within the next year and a half to meet growing demand for electricity without using fossil fuels.
India expects its power generation base to more than double by 2032, mainly on the back of fast-paced expansion in solar and wind power capacity, but fossil fuels will continue to play a prominent role.
The declining cost of renewable energy technologies and battery storage coupled with rising volatility in prices for fossil gas has boosted the economics of renewables further. Analysis carried out by TransitionZero found it is now cheaper to switch from coal to green than from coal to gas in power generation.
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