First Solar to build $US86/MWh project

An auction for 500MW of solar PV in India has thrown up some power price bids that could mean wind and gas are in for serious competition. But it leaves one wondering why Australian solar projects are so far off the mark.

The bid results of the 500 megawatt (MW) solar auction in the Indian state of Andhra Pradesh have achieved power prices that suggest the technology is on the cusp of taking on wind and gas in Australia.

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