Three companies, including SoftBank subsidiary SB Energy, were among the winning bidders in Andhra Pradesh's recent 750 MW solar power auction. The government has set a target of installing 100 GW of renewable energy capacity by 2022. bids in the latest solar auction in the Indian state of Andhra Pradesh ranged between INR 2.70-2.71/kWh (US$0.0391-0.0394/kWh). The tender, which was issued by the Solar Energy Corporation of India in January, was for new capacity in the Kadapa Solar Park, which last year attracted what was then India's lowest ever solar bid, of INR3.15/kWh.
Three companies, including SoftBank subsidiary SB Energy, were among the winning bidders in Andhra Pradesh's recent 750 MW solar power auction. The government has set a target of installing 100 GW of renewable energy capacity by 2022. The tender, which was issued by the Solar Energy Corporation of India in January, was for new capacity in the Kadapa Solar Park, which last year attracted what was then India's lowest ever solar bid, of INR3.15/kWh.