SBG Cleantech – CleanTechies

750 Megawatts Solar Tender In India Draws Bids For 7,500 Megawatts

written by saurabh

One of the recent solar power auctions in India has received a massive response from project developers.

The Rewa solar power park tender of 750 megawatts has attracted bids from some of the leading project developers in India and abroad. A total of 20 developers have placed bids with a cumulative capacity of 7,500 megawatts, translating into a 10 times over-subscription of the tender.

The solar power park will be developed in 3 phases of 250 MW capacity each, spread over a total of 1,500 hectares. Power generation from the first phase is expected to start beginning in June 2017, with the entire capacity expected to be fully operational by December 2017.

Of the 20 bidders, four have submitted to develop all three sections of the park. ReNew Power (one of India’s leading renewable energy developers and backed by Goldman Sachs), SBG Cleantech (joint venture between Bharti Enterprises, SoftBank and Foxconn), Enel Green Power and Adani Group (operator of India’s largest solar power project) submitted bids to develop the entire 750 megawatts capacity.

Hero Future Energies and Mahindra Renewables, both parts of large industrial conglomerates in India placed bids to develop 500 megawatts each.

A number of reputed Indian and global companies submitted bids to develop 250 megawatts capacity each. These include Acme Solar, Orange Renewables, Torrent Power, GDF Suez, RattanIndia Power, Aditya Birla Renewables, Azure Power Canadian Solar and Solenergi Power.

Almost a third of the planned capacity has already been allocated to the Delhi Rail Metro Corporation (DMRC) while the rest will be signed up by the distribution utilities of the host state, Madhya Pradesh. The International Finance Corporation (IFC) will provide funding for the project.

01/31/2017 0 comment

Articles Renewable Energy

Foxconn Promises To Expand Sharp’s Solar Power Business

written by saurabh

Taiwan-based manufacturer Foxconn has promised to utilise and expand Sharp’s solar power business which the former acquired recently.

In a letter issued by Foxconn Chairman Terry Gou and Executive Vice President J.W. Tai, the company expressed intentions to make investments to expand Sharp’s solar power business. Such an expansion will fuel Foxconn’s own renewable energy goals.

Foxconn acquired controlling stake of 66% in Sharp’s solar division for $3.46 billion.

Foxconn is known to be working in partnership with Apple, for which it manufacturers iPhones and other gadgets, to increase the consumption of renewable energy at its manufacturing facilities in China. Last year, Apple entered an agreement with SunPower to set up 2 solar PV power projects with a cumulative capacity of 40 MW in the Sichuan province of China. Foxconn had announced plans to set up manufacturing facilities in the city of Chengdu, Sichuan.

Foxconn has also entered a three-way joint venture with Japan’s SoftBank and India’s Bharti Enterprises. The joint venture SB Energy (formerly SBG Cleantech) pledged $20 billion investment in India’s solar power market over the next few years. SoftBank holds majority stake in the joint venture while, both, Bharti Enterprises and Foxconn hold minority stake. SB Energy plans to set up at least 20 GW solar power capacity in India.

SB Energy grabbed its first project in India in December 2015 through competitive auction when it secured the entire 350 MW capacity on offer in the state of Andhra Pradesh.

05/29/2016 0 comment