Indian Regulator Rejects Retroactive Solar Tariff Cut
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Indian regulators rejected a cut in solar tariffs paid to generators, in a landmark decision for the country, after developers said it would stall investment.
The Gujarat Electricity Regulatory Commission dismissed a petition by the state government to lower rates agreed under 25-year contracts signed since 2010, it said in an order. The plan to lower current solar tariffs was the nation’s first.