Home Business Japan Softbank to Invest $100 Billion in Indian Solar

Japan Softbank to Invest $100 Billion in Indian Solar

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As per the speculations, Japan’s Softbank and the Indian government are expected to make an announcement soon. A Japanese Multinational conglomerate, Softbank Group has decided to invest $60 billion-$100 billion in solar power generation in India.

The speculation stated that Saudi Arabia is the largest investor in SoftBank’s Vision Fund, however, it raised over $93 billion last year.

Last month, in the south-western state of Karnataka SoftBank, secured approximately 200 megawatts of solar capacity. In past, a Japanese conglomerate pledged to invest $20 billion in Indian solar projects with a goal of generating 20 gigawatts of energy while partnering with India’s Bharti Enterprises and Taiwan’s Foxconn.

Softbank teamed up with China’s GCL System Integration Technology Co Ltd on a $930 million Indian solar energy venture in April 2018.

Like other countries, India has set an objective to accomplish an operational sunlight based power limit of 100 GW by 2022, five times current levels, under Prime Minister Narendra Modi’s sustainable power source system.

SoftBank’s Vision Fund has the presentation to solar energy through its interest on the planet’s biggest such undertaking in Saudi Arabia declared in March.

Apart from all these things, Softbank is in talks to keep investing big in technology. Masayoshi Son, SoftBank President believes that human lives will be dominated by robots, artificial intelligence along with other advanced technologies.

 

 

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Supriya has been the lead news writer at leading newspaper at San Francisco, CA. Supriya is a lively and engaging writer with strong news judgment and social media know-how. She covers Science, Automotive & technology sector and produce stories that include perspective and context for savvy, sophisticated readers. She has relationships with scientist, business owner and techies. Her news is published not just by going beyond the board meeting story but also following the people, trends and issues in respective sector.

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