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India Revamps Solar Auction Rules; First Solar May Benefit

India revamped the rules for its second national auction of permits to build solar power plants, which could boost sales for equipment providers including First Solar Inc. and allow banks to lend more easily to the industry.

The government invited companies to register starting today for the auction that will award licenses to build as much as 350 megawatts of solar photovoltaic plants by 2013. New rules include changes that increase the size and amount of projects companies can win.