Dark cloud gather over solar energy

Dark cloud gather over solar energy

A 700 mw solar tender floated by Gujarat Urja Vikas Nigam has triggered widespread responses from a host of global as well as local players aggregating 1,750 mw, which would well be a sign of renewal of interests among investors amid some severe headwinds affecting domestic solar energy sector.

Investor like SB Energy, the renewable energy arm of Japan’s SoftBank, Engie of France, Tata Power Renewables and Adani Green are the key bidders, according to Mercom Capital.

SoftBank backed SB Energy, which has so far won bids for 1,400 mw of projects in the country, has recently tied up with Essel Group for joint development of a 500 mw solar park. Read More

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