India’s Largest Solar Power Auction Brings Further Drop in Costs
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India’s biggest auction for solar energy yet brought a further reduction in prices, with companies such as SkyPower Ltd. of Canada and SunEdison Inc. of the U.S. competing with local firms.
Acme Cleantech Solutions Ltd. and Mytrah Energy Ltd. emerged as the top winners in bids to build 2,000 megawatts of solar farms in the southern state of Telangana. Together, they reaped 763 megawatts of contracts.