India Sees Highest Capacity of New Coal Projects Last Year Since 2016; Uttar Pradesh Surges Ahead
News 18India introduced new coal proposals worth 11.4 GW in 2023 – in both the public and private sectors – more than in any year since 2016. While European Union member states and the UK represented roughly a quarter of retirements last year, the US only retired 9.7 GW of coal capacity – a slowdown compared to 14.7 GW retired in 2022. In fact, the data in the Global Coal Plant Tracker shows that 69.5 GW of coal power capacity came online across the world while just 21.1 GW was retired in 2023, resulting in the highest net increase in operating coal capacity since 2016. Any further investment in coal capacity could potentially initiate a subsequent wave of stranded asset formation within the power sector, and divert resources and funding from the trajectory of renewable energy expansion, effectively entrenching India’s dependency on coal,” said Sunil Dahiya, South Asia Analyst at the Centre for Research on Energy and Clean Air.