India should move its solar industry to a fixed-pricing model like the one used in Germany, said one of the nation´s biggest clean-energy lenders, as Prime Minister Narendra Modi prepares to expand renewable targets. Modi´s government wants to attract $100 billion of investment in clean energy over the next five years. Companies and lenders say that will require a shift in policy from India´s current auction-based system, which caps installations to control the scale of solar fitted and the amount of subsidy payments incurred. India led the world in competitive bidding -- followed by Brazil and South Africa -- which helped push down the cost of solar power by about half since 2010. In recent months, government officials and developers including Goldman Sachs Inc.-backed ReNew Power Ventures Pvt. have begun calling for a transition to feed-in tariffs.
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