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

 

Plans to construct nearly 14 gigawatts of coal-fired power stations in India (nearly the same as the total amount in the UK) have fallen through, now that the price for solar electricity is “free falling” to levels once considered impossible. Because solar tariffs have dropped by 25% in some regions, the shift from “dirty” energy sources to solar and wind is expected to have “profound” implications for global energy markets.

Tim Buckley, the director of energy finance studies…

from Inhabitat – Green Design, Innovation, Architecture, Green BuildingInhabitat – Green Design, Innovation, Architecture, Green Building http://inhabitat.com/india-cancels-plans-for-coal-power-stations-as-solar-prices-hit-record-low
via Inhabitat

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