China's Renewable Electricity Costs Drop Below Coal and Gas; India Advances Solar Capacity
Renewable electricity generation costs in China have decreased to below coal and gas levels in several regions. India has also expanded its solar capacity significantly, with a target of 500 GW of non-fossil fuel energy by 2030.
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A recent study indicates that firm renewable electricity generation costs in China have fallen below those of coal and gas, reaching as low as $30 per megawatt-hour in some areas. This decline is attributed to reduced costs of solar and wind technologies and advancements in battery storage.
Concurrently, India's solar power capacity rose to 150 GW with an addition of 44 GW in 2025, supported by government initiatives. Despite these advancements, both countries face challenges, particularly in transmission infrastructure and grid management, which may hinder future growth and investment in renewable energy. Effective partnerships within BRICS could help address these technological and systemic gaps.
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