Softbank Joint Venture SB Energy Commissions 350 Megawatt Solar Project In India

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Originally published on CleanTechies.

A joint venture of Softbank, Foxconn Technologies, and Bharti Enterprises has announced that it has commissioned the world’s seventh largest solar power project in India.

SB Energy recently announced that it commissioned a 350-megawatt solar project in the Indian state of Andhra Pradesh. The project was completed 51 days ahead of its scheduled commissioning date.

The power project is expected to generate enough electricity to meet the demands of more than 700,000 Indian households.

SB Energy was the sole winner of the 350-megawatt solar power tender launched by India’s largest power generation company NTPC Limited for a solar power park in the Kurnool district of Andhra Pradesh. The auction took place in December 2015 and was awarded to SB Energy at a tariff of Rs 4.63/kWh (7.12$/kWh), the lowest in India at that time.

SB Energy plans $20 billion in investments in India’s solar power market to develope at least 20 gigawatts (GW) of capacity. The company had recently signed an agreement with the government of Andhra Pradesh to set up 2 GW of solar power and 1 GW of wind energy capacity.

The company has also expressed the desire to set up a 1,000-megawatt solar power park in the state of Odisha.

Reprinted with permission.

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An avid follower of latest developments in the Indian renewable energy sector.

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