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It’s Always Sunny in India’s Renewable Power Market

Creative financial and technical engineering may make it possible have round-the-clock solar and wind power.

Workers install the solar panels in Mumbai.

Workers install the solar panels in Mumbai.

Photographer: Pramod Thakur/Hindustan Times via Getty Images

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India is the world’s biggest market for renewable energy auctions, in which wind and solar project developers compete to offer the lowest possible prices for zero-carbon power. Last month, the country added a twist: a call for “round-the-clock” renewable power. The winning bid was higher than the going rates for wind and solar in previous auctions. But it was also lower than what it would cost to meet peak demand with coal-fired power in some India markets.