India Risks Europe-Like Solar Slump With 28% Cut in Subsidies

MUMBAI — India’s biggest solar power-producing state is seeking to cut the subsidized rate it pays to plants by 28 percent, joining governments from Spain to Greece backtracking on clean-energy support to lower costs. Gujarat Urja Vikas Nigam Ltd. is asking for permission to lower the...EuropeLike, India, Risks, Slump, Solar, Subsidies