SoftBank Exits India Renewable Energy Market, Sells Stake To Canadian Pension Fund
SoftBank has finally ended months of speculation about its future in India’s renewable energy market.
SoftBank has finally ended months of speculation about its future in India’s renewable energy market.
Welcome to another issue of our new India x Cleantech series! On a monthly basis, we are pulling news from across clean technology sectors in India into a single, concise summary article about the country.
India witnessed yet another competitive solar power tender with participation from major project developers.
The tender was floated by NTPC Limited, India’s largest power generation company. It sought bids for the development of 1.2 gigawatts of solar PV capacity.
With the resurgence of a border dispute with China, the Indian government is now looking to reduce dependence on Chinese imports, including solar cells and modules. India is considering multiple efforts to discourage developers to import Chinese equipment and encourage investors to develop domestic manufacturing facilities.
Even though the fossil fuels sector has been completely ravaged by the coronavirus pandemic, the renewable energy sector has been more than chugging along. The results of a recently concluded mega solar tender in India provides further assurance on the continuing growth in the clean energy sector.
With the completion of a 300 megawatt solar power project, India has completed its largest solar power park.
Welcome to another issue of our new India x Cleantech series! On a monthly basis, we are pulling news from across clean technology sectors in India into a single, concise summary article about the country.
Sensing a golden opportunity to acquire a stake in leading renewable energy companies in India, Canadian investors are readying nearly a billion dollars.
Following an overwhelming response from project developers to a 750 megawatt solar PV tender in the northwestern Indian state of Rajasthan, the financial tariff bids have been very promising for the Indian solar power sector that continues to face serious challenges.
The fourth national-level solar power auction conducted by the Solar Energy Corporation of India (SECI) has yielded satisfactory results for the government which has been facing tough questions about whether the ambitious renewable energy targets would actually be achieved.