21
Tue, Aug

SoftBank and ILFS to work on 20 GW solar projects in India

From The Web - India
Typography

Moneycontrol News 

Japanese conglomerate SoftBank Group is tying up with Mumbai-based IL&FS to...

Advertisement

Moneycontrol News 

Japanese conglomerate SoftBank Group is tying up with Mumbai-based IL&FS to develop solar power in India, according to a report in The Economic Times.

SB Energy and IL&FS will jointly develop more than 20 gigawatts (GW) of solar capacity in India by 2025, the report adds.

SB Energy is SoftBank's power and energy investment division.

SB Energy executive chairman Manoj Kohli confirmed the plan to the paper. The deal support's the government's push to develop renebewable energy.

The formal announcement of the agreement is expected early this week, the report adds.

Last month, SoftBank joined hands with Chinese company GCL System Integration Technology Co for a solar power venture in India worth $930 million.

The Japanese company had in 2015 said it would invest $20 billion, along with Foxconn Technology and Bharti Enterprises, in solar power projects in India.

SB Energy has alrady won bids to set up 1.4 GW of solar power projects in India, the report says.

India plans to achieve solar capacity of 100 GW by 2022.

Continue Reading On Money Control


Advertisement

Translator

Advertisement
Advertisement

SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter Your 2018 Calendar: India's CleanTech Industry Events_Register Now & Save - https://t.co/yq2CRK5nz6
About 12 hours ago
SolarQuarter E-Mobility+ August Issue 2018 is here. Grab your copy now! https://t.co/rPZTNDTX20 EV #electricvehicles #Emobility… https://t.co/QzqlKAD798
About 16 hours ago
SolarQuarter Announcing: Participating Companies At India's Largest Electric Vehicle & Smart Mobility Event_ Grab Your Passes No… https://t.co/5bvIrR19N1
Friday, 17 August 2018 10:07

Advertisement