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.
After Indian solar tariffs breached a jaw dropping US$0.04/kWh earlier this week in a Rajasthan auction, prices have dropped to yet another record in the same location.
India solar prices have continued their downward spiral, this time with record low bids of INR2.62/kWh (US$~0.04) from Phelan Energy Group and Avaada Power in the state of Rajasthan.
SB Energy, a subsidiary of Japanese firm Softbank has partnered with Invenergy Japan to develop, finance and construct two large-scale PV projects in Japan.
SB Energy, a joint venture between Softbank, Foxconn and Bharti Enterprises, has commissioned a 350MW solar plant at Kurnool District, Andhra Pradesh, India, claiming it to be the world’s seventh largest PV plant.
The first round of bidding for the 750MW Rewa solar park in the Indian state of Madhya Pradesh has guaranteed that the highest tariff will be no more than 3.64 rupees per unit (US$0.054).
India’s expected four-fold rise in energy demand over the next 15 years will open “immense business opportunities” for Japan in the sector in India, according to Indian energy and mines minister Piyush Goyal.
State Grid Corporation of China, Korea’s main utility, one of Japan’s biggest renewables developers and Russia’s grid operator have formally indicated their interest in building a massive interconnected grid across Asia.
SBG Cleantech, a joint venture between Japan-based solar firm Softbank, Taiwan-based manufacturing services provider Foxconn Technology Group and Indian business conglomerate Bharti Enterprises has won all 350MW capacity in yesterday’s National Solar Mission (NSM) auction in the Indian state of Andhra Pradesh at INR4.63/kWh.
