The International Solar Alliance (ISA) has achieved global disruption by bringing down the cost of solar-powered agricultural pumps by half, according to three people aware of the development.
India’s state-run Energy Efficiency Services Ltd (EESL) conducted the largest global price discovery exercise by aggregating the demand from 22 ISA member nations, in a potential order valued at $2.7 billion.
This brought down the price of solar-powered agricultural pumps by ₹50,000 to ₹60,000 per horsepower (hp) across categories from ₹1 lakh per hp at present.
