Economics
In the News
India scraps plans for coal plants as cost of solar collapses
30th May 2017
The shift towards solar power as an affordable source of renewable energy seems to be gathering pace. Economies of scale are lowering the unit cost of solar power and this article suggests that the collapsing price of solar is a key factor behind a decision to cancel plans to build some huge coal-fired power stations in India. The ramifications are global and it is an important piece of the growth and development jigsaw for India.
#ClimateHope: The price of solar in India hits record low, undercutting fossil fuels https://t.co/MJy3eCSWbM pic.twitter.com/2Rk9QYFvoA
— Climate Reality (@ClimateReality) May 29, 2017
It's happening! India has cancelled plans for a huge coal plant as the cost of solar energy plummets. https://t.co/HKLxyk4C11 pic.twitter.com/FpYEbVYInV
— Greenpeace (@Greenpeace) May 27, 2017
“For the first time solar is cheaper than coal in India, implications for energy markets is profound” https://t.co/QMyxGHXkSD#savelamu
— David Ndii (@DavidNdii) May 24, 2017
Why India is about to have a 'solar boom' https://t.co/PCsZwNLSuh #climate pic.twitter.com/0XajsJyj1L
— World Economic Forum (@wef) May 21, 2017
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