India has held its first auction for a utility-scale PV project combined with an energy storage facility. The local company Mahindra Susten won with their bid of 2.99 billion IDR (46 million USD).
India’s Ministry of New and Renewable Energy wants to support domestic manufacturing of solar cells and modules. For this, a special program has been developed, the second phase of which has now commenced.
A continuous fall in the lending rates in India now makes low-budget projects more profitable. Due to the country’s current demonetization process, an even further price reduction is possible.
