Bids in India’s solar power market have crashed sharply ever since the government launched the National Solar Mission, data released by the Ministry of New and Renewable Energy shows. According to the Ministry, average solar power tariffs in India have fallen by 73% since 2010. This has been the result of increased competitiveness and sharp declines in module and other solar equipment prices. The first auction in December 2010 under the central government policy of
Solar bid prices in India have fallen 73 percent since 2010
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