It's eyeing to boost demand.
Bloomberg recently reported that India has 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," it said in the report.
View the full article here.
Do you know more about this story? Contact us anonymously through this link.