The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has given its approval for implementation of Phase-Ill of Off-grid and Decentralised Solar PV Application Programme to achieve additional 118 MWp off-grid solar PV capacity by 2020.
The Rise Fund, a global impact investment fund managed by TPG Growth, is investing $70 million in Fourth Partner Energy, a renewable power services company focused on building and financing solar rooftop projects.
According to an official statement, Fourth Partner Energy plans to use this latest funding to expand its portfolio of distributed energy management solutions and expand operations to other geographies including South East Asia, the Middle East and Africa.
SoftBank Group Corp will invest $60 billion-$100 billion in solar power generation in India.SoftBank Group Corp will invest $60 billion-$100 billion in solar power generation in India.
Soon,the Government will sign a Memorandum of Understanding with the Softbank regarding this.