SoftBank, Adani bid for SECI’s hybrid power projects.

The Solar Energy Corporation of India (SECI) auction for 1,200-MW hybrid solar and wind energy capacity under the government’s new National Wind-Solar Hybrid policy, conducted on Tuesday was undersubscribed again.

Only two major players, SoftBank Energy and Adani Group, submitted bids for a total of 1,050 MW of capacity, three sources with direct knowledge of the development toldBusinessLine . The Adani Group has bid for 600 MW while SoftBank Energy has bid for 450 MW.

When contacted, the spokesperson for SoftBank said the company does not comment on bids, while Adani Group and SECI spokespersons could not be reached for comment.

HBL