India’s Largest Solar Program Cuts Power Rates by Up to 33%
BLOOMBERG - India’s largest solar program cut the preferential rate it pays utilities for sun power as much as 33 percent as global prices of panels declined by more than half.
Photovoltaic plants commissioned after the Jan. 28 deadline will be paid a rate of 9.98 rupees (20 cents) per kilowatt-hour for the first 12 years, compared with 15 rupees for those finished on time, the Gujarat Electricity Regulatory Commission said in a tariff order on its website. The rate will be reduced to 7 rupees per kilowatt-hour for the next 13 years.
