Cheaper solar in India prompts rethink for coal

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.