Solar tariffs have dropped 73% since 2010: report

Solar energy tariffs in India have fallen by about 73% since 2010 in tandem with with Chinese spot module prices, which have fallen by about 80% in the same period, consulting firm Mercom Capital Group said in a report on Friday. Intense competition in reverse auctions for solar projects has pushed firms to bid lower tariffs, sacrificing margins to gain market share, it said. In February, solar tariffs in India fell to a record low of of Rs3.30 per unit at an auction in Rewa, MP. Average bids in reverse auctions in India (2010-17)