SBG Cleantech wins Andhra Pradesh 350 MW solar auction
Date
December 21, 2015
Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Delhi-based SBG Cleantech, the US$-20-billion renewables joint venture (JV) controlled by Japanese telecom giant SoftBank Corporation, has won the tender process to build a 350 MW photovoltaic plant in India's Andhra Pradesh state under National Thermal Power Corp’s (NTPC) December competitive solar energy auction.
India's Bharti Enterprises Ltd and Taiwan’s Foxconn Technology Co Ltd hold minority stakes in SBG Cleantech.
SBG Cleantech offered a tariff of INR 4.63 (USD 0.069) per kWh beating up in the tender companies such as Yarrow Infrastructure Ltd., Azure Power India, ReNew Solar Power and others.
SunEdison Inc had won 500 MW in a November solar tender by offering exactly the same tariff price.
List of country news
Country news
-
-
December 10, 2015
Azure Power wins 150 MW solar project in Punjab
India's Azure Power announced last Thursday it has signed an agreement with Punjab Energy Development Agency (PEDA) in India for setting up of 150 MW solar power project. Read more -
December 08, 2015
India's Jharkhand launches 1,200 MW tender
Jharkhand Renewable Energy Development Agency (JREDA) has launched a tender process to set up 1200 MW of grid connected photovoltaic solar projects in the State of Jharkhand, India. Read more -
November 25, 2015
SunEdison to sell 425 MW assets to TerraForm Global
SunEdison and TerraForm Global have entered into an agreement for SunEdison to sell TerraForm Global a series of projects located in India. Read more -
November 18, 2015
PSP Investments to acquire 49% stake in Reliance power distribution business in Mumbai
Reliance Infrastructure Ltd. announced on Monday the signing of a nonbinding Term Sheet with the Public Sector Pension Investment Board (PSP Investments), one of the largest pension fund managers in Canada with C$112.0 billion of net assets under management as of March 31, 2015, in relation to the acquisition by PSP Investments of a 49% equity stake in Reliance’s integrated power generation, transmission and distribution business in the city of Mumbai and adjoining areas. Read more -
November 16, 2015
IFC considers financing Indian solar projects
The International Finance Corporation (IFC) is considering financing three solar parks in the state of Karnataka, in India. Read more
