Deals
India Offers to Foot Bill for 30% of Solar Construction Costs
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India proposed to fund almost a third of solar-plant construction costs as it outlined rules for a second phase of project auctions today.
The country, seeking bids next month to build 750 megawatts of capacity, is offering grants of as much as 25 million rupees ($46,000) a megawatt or 30 percent of project costs, according to the draft guidelines published on the website of the Ministry of New and Renewable Energy.