India Cuts Floor Price for Solar-Energy Credits to Boost Demand
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India cut the floor price for solar energy credits to revive demand as companies try to meet their year-end obligations for energy produced from renewable sources.
Each solar-credit certificate will have a floor price of 3,500 rupees ($55), according to an order by the government’s Central Electricity Regulatory Commission. The maximum price will be 5,800 rupees. The prices of non-solar renewables certificates remain unchanged.