Business Models and Market Design Matter

In 2014, the world’s second largest coal consumer made a bold promise: to increase its solar capacity from three gigawatts to 100 gigawatts in just eight years. Many people called it overly ambitious, but energy expert Kanika Chawla saw the opportunity of a lifetime. She tells the story of how India became a solar powerhouse, turning an expensive dream into an economic reality — and creating a model for other countries to follow suit.

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