Marking its debut in the Indian solar sector after its investment announcement of $20 billion, Japan´s SoftBank won its first solar power project in India. The Japanese firm won the 350 megawatt (Mw) project, under the Jawaharlal Nehru National Solar Mission (NSM), through its joint venture (JV) company SBG Cleantech.
SBG Cleantech bid the lowest tariff of `4.63 per unit to win the entire tendered capacity of 350 MW. This is the lowest bid this year for solar power.
Indiabulls´ Yarrow Infrastructure, Azure Power, Reliance CleanGen, Goldman Sachs-backed ReNew Power, US´ First Solar and China´s Trina Solar were also in the fray. In June last year, SoftBank had tied up with Foxconn and Bharti Enterprises to invest in the Indian solar energy sector, committing $20 billion. This is its second bid participation after the AP solar park.