Indian solar power prices hit record low, undercutting fossil fuels

Plummeting wholesale prices put the country on track to meet renewable energy targets set out in the Paris agreement

Wholesale solar power prices have reached another record low in India, faster than analysts predicted and further undercutting the price of fossil fuel-generated power in the country.

The tumbling price of solar energy also increases the likelihood that India will meet - and by its own predictions, exceed - the renewable energy targets it set at the Paris climate accords in December 2015.