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Solar tariffs fall by 73% since 2010: Mercom report

Solar tariffs fall by 73% since 2010: Mercom report

According to a report by Mercom, IndiaÂ’s solar sector recently reached record low tariff levels in the auction conducted at the Rewa Solar Park in the state of Madhya Pradesh. India was one of the first countries to adopt reverse auctions for solar projects since the inception of its national solar policy and the governmentÂ’s goal has always been to procure solar power at the lowest price possible.