Discoms selling green power at lower than cost price on exchanges; growing crisis threatens green energy trajectory

On the country’s largest exchange, Indian Energy Exchange, prices during peak solar time have recently crashed to as low as 0.50 per unit, while long-term contracts typically lock into paying between 2and Rs.3.50 per unit. The surplus power reveals a bottleneck. India’s rapid expansion of green energy is outpacing its ability to store or manage…

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