Cheaper solar in India prompts rethink for coal
Solar now costs as much as 50% less than new coal power, according to a solar research firm
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New Delhi
INDIA'S coal-power plant developers are growing more pessimistic about their projects after a plunge in the cost of electricity from solar panels improved the economics of renewable energy.
After a string of federal auctions, solar is suddenly the cheapest source of electricity in India. That's darkening the outlook for the coal-fired power industry as projects struggle to find customers or face cancellation amid a glut of capacity.
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