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

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. THE INDEPENDENT

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Global renewable power capacity to rise by 50% in five years-IEA

Global renewable energy capacity is set to rise by 50% in five years' time, driven by solar photovoltaic (PV) installations on homes, buildings and industry, according to the International Energy Agency (IEA). Total renewable-based power capacity will rise by 1.2 terawatts (TW) by 2024 from 2.5 TW last year, equivalent to the total installed current power capacity of the United States. Solar PV will account for nearly 60% of this growth and onshore wind 25%, the IEA's annual report on global renewables showed. REUTERS

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