SECI Auctions 480 MW Out of its 1.2 GW Solar Tender, Sees Lowest Tariff of ₹2.53_kWh

SECI Auctions 480 MW Out of its 1.2 GW Solar Tender, Sees Lowest Tariff of ₹2.53/kWh

Softbank Energy (SB Energy) and GRT Jewellers India (GRT) have been allocated capacities totaling 480 MW in the auction held by the Solar Energy Corporation of India (SECI) against its ...
/ / Solar, Tenders & Auctions
Energy Vault Raises $110 Million from SoftBank Vision Fund for Gravity-Based Storage

Energy Vault Raises $110 Million from SoftBank Vision Fund for Gravity-Based Storage

Energy Vault, an Idea lab company that has developed a transformative technology to store energy has raised $110 million in Series B funding. The investment was made by SoftBank Vision ...
/ / C&I, Energy Storage
Solar Auctions in 2018: Who Had the Biggest Share of the Pie?

Solar Auctions in 2018: Who Had the Biggest Share of the Pie?

India's solar market is on a roll with over 24 GW of large-scale solar photovoltaic (PV) capacity installed in the country as of December 2018. According to Mercom India Research, ...
/ / Mercom Research Focus, Other
Saudi Arabia and SoftBank Ink Deal to Develop World's Largest Solar Project

Saudi Arabia’s Public Investment Fund to Invest $45 Billion in SoftBank for Solar Projects

Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF), will invest $45 billion in SoftBank to work on several large-scale solar projects, according to Reuters. The announcement was made at ...
/ / Markets & Policy, Solar
SoftBank CEO Offers Free Solar Power to ISA Countries After the End of 25-Year PPA

SoftBank CEO Offers Free Solar Power to ISA Countries After the End of 25-Year PPA

SoftBank CEO Masayoshi Son caught the audience by surprise during the second plenary session of the second Global Renewable Energy Investment Meeting and Expo (REINVEST- 2018), being held at Greater Noida ...
SoftBank to Invest $60-100 Billion in India’s Solar Industry

SoftBank to Invest $60-100 Billion in India’s Solar Industry

SoftBank Group, a Japanese telecom giant-turned-tech investor, plans to invest $60 to $100 billion in Indian solar projects, according to Japanese public broadcaster NHK. Prime Minister Narendra Modi-led administration has ...
/ / Finance and M&A, Solar
GCL Poly and SoftBank Form a $930 Million JVC to Enter Indian Manufacturing Sector

GCL and SoftBank Form a $930 Million JVC to Enter Indian Solar Manufacturing Sector

GCL-Poly Energy Holdings Limited and SoftBank have entered a Memorandum of Understanding (MoU) to establish a joint venture company (JVC) for setting up an integrated solar photovoltaic (PV) manufacturing facility ...
/ / Finance and M&A, Solar
Saudi Arabia and SoftBank Ink Deal to Develop World's Largest Solar Project

Saudi Arabia and SoftBank Ink Deal to Develop World’s Largest Solar Project

Japanese telecom giant-turned-tech investor SoftBank has announced plans to invest in creating the world’s largest solar power project in Saudi Arabia, according to Reuters. The project is expected to have ...
L&T Construction Bags 200 MW Solar Projects in Rajasthan and Tamil Nadu

L&T Construction Bags 200 MW Solar Projects in Rajasthan and Tamil Nadu

The Engineering Procurement and Construction (EPC) company Larsen & Toubro (L&T) Construction has bagged two grid-connected solar photovoltaic (PV) projects worth ₹5.9 billion (~$92 million) to be developed in the states of ...
/ / Solar, Utility Scale
India Recorded Strong Solar Tender and Auction Activity in December

India Recorded Strong Solar Tender and Auction Activity in December

After a period of lull, the month of December 2017 witnessed a surge in tendering and auction activity in solar sector in the country. Over 2,500 MW of solar was ...
/ / Solar, Tenders & Auctions
Azure Power and ReNew Power Are the Winners in the 250 MW Bhadla Solar Auction

Azure Power and ReNew Power Are the Winners in the 250 MW Bhadla Solar Auction

In the 250 MW Bhadla Solar Park auction, Azure Power won the bid to develop 200 MWs by quoting the lowest tariff of ₹2.48 (~$0.0388)/kWh. ReNew Power won the remaining 50 ...
/ / Solar, Tenders & Auctions