UPDATED: Solar Energy Corporation of India (SECI) has gone ahead with an auction for its 1.2GW hybrid tender, despite the tender being undersubscribed and attracting just two technical bids.
Solar Energy Corporation of India's 1.2GW hybrid solar and wind auction, the first in the country, drew bids from heavyweight players Adani and Softbank, but was still undersubscribed by 150MW.
Softbank CEO Masayoshi Son has said its solar projects will provide electricity for free beyond the initial 25-year term of their power purchase agreements (PPAs).
The lowest bid quoted in Indian state-run utility NTPC’s auction for 2GW of interstate transmission system (ISTS)-connected solar was INR2.59/kWh (US$0.037), a 14 paisa rise from the L1 tariff in the most recent 2GW PV auction in India.
Softbank's joint venture, SBG Cleantech has caught the eye by submitting a technical bid for the full 2GW capacity available in an Interstate Transmission System (ISTS)-connected solar tender from Indian state-run utility NTPC.
Tata completes 100MW of solar projects in Andhra Pradesh, Ecoppia providing cleaning robots for 580MW of SB Energy PV projects in Rajasthan, NTPC tenders 1MW floater in Gujarat.
India’s unusual tender for 5GW of PV manufacturing capacity linked with 10GW of solar projects has been called many things, ranging from pioneering to fanciful, but the earliest stages have seen some of the global industry’s biggest names toss their hat in the ring.
Softbank's JV, SB Energy has won all 200MW available in the latest solar auction in the Indian state of Karnataka with a tariff of INR 2.82/kWh (US$0.041).
Softbank Vision Fund (SBVF) and GCL Group holding company have signed a memorandum of understanding (MoU) to launch a US$930 million joint venture in the Indian state of Andhra Pradesh, primarily to manufacture PV ingots, wafers, solar cells and modules.
SB Energy, the renewables arm of Japanese firm Softbank, and Mitsubishi UFJ Leasing are to develop a 102.3MW solar PV project combined with 27MWh of battery stroage in Hokkaido, Japan.
Private equity fund SoftBank Vision Fund has officially signed a memorandum of understanding (MOU) with Saudi Arabia’s Public Investment Fund (PIF) to develop 3GW of PV and energy storage capacity within Saudi Arabia.
SB Energy, a joint venture between Japanese tech firm Softbank, Bharti Enterprises and Foxconn Technology Group, has started operations at a 455MW solar project in the Indian state of Andhra Pradesh, according to a release from the module supplier Trina Solar.
SB Energy — a subsidiary of Softbank — announced that its 32.3MW PV project in Kagoshima Prefecture, Japan has been completed and is ready to ramp up operations.
