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The state-owned Solar Energy Corporation of India (SECI) has allocated 1.5GW of solar capacity in a recent tender, with four businesses winning the bid at an average price of INR2.56 (US$0.031) per kWh.
The US secretary of the Treasury, Janet L. Yellen, has said the US “wouldn’t want to rule out” protective trade measures to combat overcapacity of solar PV and energy storage manufacturing in China.
The US government has announced US$4 billion in tax credits for over 100 projects under the Qualifying Advanced Energy Project Tax Credit (48C) scheme, of which US$2.7 billion has been allocated for clean energy manufacturing projects, including solar PV.
