◆Japan's SoftBank wins first solar project in India
【New Delhi】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 SB Energy (formerly known as SBG Cleantech). The three-way joint venture between SoftBank Group Corp, Bharti Enterprises and Foxconn Technology Group has won an NTPC bid to put up 350 MW of solar projects in Andhra Pradesh and sell the electricity to NTPC at a tariff of Rs. 4.63 a kWhr.