India officials meet with Softbank’s 20GW solar plant on the table

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Andhra Pradesh chief minister N Chandrababu Naidu has met with India’s power minister Piyush Goyal to discuss solar power projects in the state.

Naidu discussed variable power initiatives, but with a particular focus on renewable energy and solar parks.

The Andra Pradesh government also announced that Japanese telecoms provider-turned solar developer Softbank plans to set up a 20GW solar park along with a solar panel manufacturing unit in the state under the ‘Make in India’ initiative.

In a meeting with Naidu, Softbank chief executive Mahayoshi Son said: “We are ready to set up a 20GW solar power plant in your state.”

If successful the project will take a huge chuck out of India's highly ambitious 100GW of solar installation by 2022 target.

Under the agreement, Softbank will also offer scholarships to students who specialise in solar power engineering in a proposed ‘Renewable Energy University’ in Andhra Pradesh.

It was recently announced that SBG Cleantech, a joint venture between Softbank, Foxconn and Bharti Enterprises will invest $20 billion in renewable energy projects across India over the next 10 years.

This week it was also reported that China-based anchor investor Sunpa Group of Companies is to invest in solar power generation and panel manufacturing in the Indian state of Karnataka in another high level foreign investment in India's solar market. Sunpa will also invest US$1 billion in a proposed industrial park in the state.

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