SoftBank grabs a chunk in India’s wind power pie

SoftBank grabs a chunk in India’s wind power pie

Softbank has bagged the largest chunk of a 1,200 MW wind power tender concluded Friday, which has marked the company’s foray into the wind sector at a time when constraints around availability of land and transmission infrastructure are pressing.

Adani and Ostro Energy, which was acquired by ReNew Power last year, have also bagged a significant capacity of the tender floated by the Solar energy corporation of India (SECI) in December last year.

The two companies, however, emerged as the lowest bidders for the tender quoting a price of Rs 2.82 per unit, for 250 MW and 300 MW respectively.

Softbank-led SB Energy, which bagged 325 MW of the 600 MW capacity it had bid for in the techno-commercial bid stage earlier this month (See ET February 6th edition), quoted a tariff of Rs. 2.83 per unit.

The tender in question was oversubscribed by around 1,200 MW in the techno-commercial stage. Read More

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