The financial gains of repurposing some or all of these old coal plants would cover a substantial proportion of the new capital expenditure required for solar, batteries and synchronous condensers.
Repurposing some of Maharashtra’s oldest and most expensive coal plants by using the land and some of the old coal infrastructure for clean energy and grid stability services can deliver Rs 5,700 crore in benefits, according to a.new analysis commissioned by research organisation Climate Risk Horizons.
The first of its kind analysis commissioned by Climate Risk Horizon was conducted by Dr. Gireesh Shrimali, Head of Transition Finance Research, the University of Oxford s Oxford Sustainable Finance Group .It h