SoftBank opens its solar account in India

SB Energy has announced that it has won the NTPC bid to develop a 350MW solar plant under the Phase-II, Batch-II, Tranche-I of National Solar Mission at a 25-year tariff of Rs. 4.63/ kWh.

The project is to be developed in the Ghani Sakunala Solar Park, Kurnool District in the state of Andhra Pradesh. This is SoftBank’s first step towards realising its $ 20 billion commitment to promote clean and safe energy in India.

This solar project, under the flagship Jawaharlal Nehru National Solar Mission (JNNSM), is located in Andhra Pradesh in the state-owned solar park, which provides land and facilities such as roads, drainage and evacuation to developers. Winning the bid reaffirms the commitment made by SB Energy to commission 20GW in India. Said Nikesh Arora, President& COO, SoftBank, "Our goal is to create a market-leading renewable energy company, to fuel India's growth with clean, reliable and affordable sources of energy. I am glad that we could open our account today with this win. This project will immensely contribute to the Hon’ble Prime Minister’s vision of meeting the country’s energy demands through clean sources and India’s commitment to providing a safe environment, following the recent Paris convention."