By Paul Homewood
h/t Matthew Stockford
It’s sometimes good to return to old stories, such as this one in the Independent in May 2017, particularly when the same old claims are still being bandied around:
India has cancelled plans to build nearly 14 gigawatts of coal-fired power stations – about the same as the total amount in the UK – with the price for solar electricity “free falling” to levels once considered impossible.
Analyst Tim Buckley said the shift away from the dirtiest fossil fuel and towards solar in India would have “profound” implications on global energy markets.
According to his article on the Institute for Energy Economics and Financial Analysis’s website, 13.7GW of planned coal power projects have been cancelled so far this month – in a stark indication of the pace of change.
So what has happened since then?
In the last two financial years, 14…
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