India Solar Prices Set to Drop on Competition

  • Admin
  • January 6, 2017
  • Last update 5 minutes ago
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         The price paid for solar power in India at auction is set to fall below last year’s record lows for the South Asia nation, driven by plummeting panel prices, falling interest rates and competition among developers seeking a slice of the country’s renewables market. Prices could dip lower than the 4.34 rupees (6 cents) a kilowatt-hour offered in auctions held in the state of Rajasthan a year ago, according to at least one developer of solar projects in India “This year we will see prices fall below 4 rupees a kilowatt-hour for sure and it will be viable,” said Rahul Munjal, chairman and managing director of Hero Future Energies Pvt, the clean-energy arm of Hero Group, one of India’s largest automakers. In 2016, countries from Chile to the United Arab Emirates broke records with deals to generate electricity from sunshine for less than 3 cents a kilowatt-hour, half the average global cost of coal power.

- Linda Jonson

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4 Comments

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    John Doe

    Posted on 26th Dec, 2016

    Very well done

    Reply
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      Admin

      Posted on 24th Dec, 2016 Author

      Awsome

      Reply
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        David Muller

        Posted on 23rd Dec, 2016

        Need to change to the conventional storage.

        Reply
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    Jhon Doe

    Posted on 21st Dec, 2016

    Good idea !

    Reply

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