India slashes floor price for solar-energy credits to 3,500 rupees

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.

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