In a move that is bound to get more countries to sign up for the International Solar Alliance (ISA), the CEO of Softbank, Masayoshi Son, has pledged to provide free solar energy to India and other members of alliance in 25 years. Son’s remarks came on 3 October at a renewable energy conference in India’s National Capital Region.
Softbank has proposed to supply electricity free of cost in India once the power purchase agreement completes a period of 25 years, the Japanese conglomerate’s founder and CEO Masayoshi Son said.
Masayoshi Son, the Chief Executive Officer of SoftBank, has offered free power to India and other member countries of the International Solar Alliance once solar power projects complete 25 years.
Japanese banker SoftBank’s plan to build solar parks in a tie-up with IL&FS Energy has fallen through and no joint venture is in sight, reported Business Standard.
The Union Ministry of Power has accused SoftBank (SB) Energy of attempting to cartelise and drive up solar power tariffs at the 3,000 MW solar auction in July.
The Public Investment Fund (PIF) of Saudi Arabia, which has invested in SoftBank’s Vision Fund and ride-hailing firm Uber, is looking to invest in India’s infrastructure sector.
SoftBank founder Masayoshi Son is expected to land in India next week for a meeting with Prime Minister Narendra Modi to discuss his multi-billion dollar investment plans in the country’s solar energy sector, an official familiar with the development told Moneycontrol.
SoftBank Group Corp has elevated its Vision Fund chief executive officer Rajeev Misra to executive vice president of the board of directors, a move that potentially places the veteran banker among those in line to succeed the Tokyo-based company’s founder Masayoshi Son. Misra, who took over as CEO of the $93-billion Vision Fund in 2016, is among at least […]
SB Energy, the power and energy investment arm of SoftBank, and IL&FS’ wholly owned IL&FS Energy unit have agreed to jointly develop grid-connected solar projects across the country.
SoftBank-backed cab aggregator Ola today said it plans to add 10,000 electric vehicles, a majority being e-rickshaws, to its platform over the next 12 months as part of its ‘Mission Electric’ programme.