Leading Indian renewable energy developers are facing a liquidity crunch due to the COVID 19-induced nationwide lockdown and increased competition from emerging players. The country’s debt-ridden discoms are unable to pay off their dues to the generating companies. This has resulted in sharp increase in the sale of operational assets from various large renewable energy generators in the past few months.
In a short span of two years, SoftBank-backed SB Energy has emerged as one of the leading solar power developers in India. SB Energy has made significant inroads into the rapidly growing solar power market in India through expansive and aggressive participation in competitive auctions.
A joint venture between SoftBank, Foxconn Technologies and Bharti Enterprises has received a huge boost in its standing in the rapidly growing Indian solar power market.
Two marathon competitive auctions for a cumulative solar power capacity of 750 megawatts yielded new record-low solar tariff bids in India this month.
SBG Cleantech, a three-way joint venture between Japan’s SoftBank, Taiwan’s Foxconn, and India’s Bharti Enterprises, has registered its first win in India’s highly competitive solar power market. SBG Cleantech grabbed the entire 350 megawatts on offer in the southern state of Andhra Pradesh through atender which was floated by India’s largest … [continued]
