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India scraps plans for coal plants as cost of solar collapses

Geoff Riley

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.

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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