India’s ‘Astonishing Auction’ Pushes Down Global Solar Price

2016-11-23T15:01:54+00:00

India has been cutting solar-power costs to a record low by pushing developers into auctions, which has been key to avoid the lowering renewable energy subsidies that have hurt the European market.   Under the program, the Indian government proposed to purchase solar power at 15,390 rupees per megawatt-hour for 25 years.  Companies then bid to [...]