Comment on India cancels plans for coal power stations as solar prices hit record low

India cancels plans for coal power stations as solar prices hit record low

India has canceled plans to construct nearly 14 gigawatts of coal-fired power stations in the country as prices for solar electricity “free fall” to levels once considered impossible, The Independent reports. Because solar tariffs have dropped by 25 percent in some regions, experts expect the shift from dirty energy sources to solar and wind will have profound implications for global energy markets. Tim Buckley, the director of energy finance studies at the IEEFA, explains that 13.7GW of coal power projects have been canceled just this month.

 

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