India Cancels Mega Plans To Build Coal Power Stations Due To Falling Solar Energy Prices

India Cancels Mega Plans To Build Coal Power Stations Due To Falling Solar Energy Prices

The huge plummet in prices of solar energy in India has helped leaders to walk away from its plans of building nearly 14 gigawatts of coal-fired power stations. Analyst Tim Buckley said this shift will have “profound” ramifications for global energy markets.

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