India’s Solar Power Tariffs May Fall After US’ Paris Accord Exit

India’s Solar Power Tariffs May Fall After US’ Paris Accord Exit

India’s solar power tariffs may decline further as a result of US’s recent withdrawal from the Paris climate deal done by President Donald Trump.

Several manufacturers, developers and analysts are of the view that Chinese manufacturers may further cut their solar module prices to drive the Indian sales as they may not have a significant market in the US anymore, as LiveMint reported.

Of a solar power project’s total cost, modules account for 60 per cent and their prices have fallen by 26 percent in 2016 alone. Read more

Credits:www.thequint.com

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