Shares in SoftBank rose after the conglomerate’s energy unit announced a partnership that will see the development and operation of two new large-scale solar projects in Japan.
SB Energy has teamed up with the Japanese subsidiary of Chicago-based Invernergy for the joint development, financing, construction and operation of two solar projects located in the Nagano and Fukushima prefectures.
Hiroaki Fujii, executive deputy president of SB Energy said he was pleased to be cooperating with “Invenergy Japan, a company making a lot of progress with its knowledge of the renewable energy business globally.”
Jim Shield, chief commercial officer of Invenergy said the “deal marks our first major commercial transaction in Japan and we are pleased to be working with SB Energy”. Read More…
Credit By : FT