Trending

Stories

SoftBank And India to Reach Agreement on $100 Billion Investment in Solar Power

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

Aniruddha Paul
Aniruddha Paul
Writer, passionate in content development on latest technology updates. Loves to follow relevantly on social media, business, games, cultural references and all that symbolizes tech progressions. Philosophy, creation, life and freedom are his fondness.

SoftBank will be investing $60 billion to $100 billion in solar power of India, as NHK reports today, June 15. The company and the government of India will be reaching an agreement soon, the report says keeping sources anonymous.

According to this report, the Japanese company will come up with the investment by funding from the government of Saudi Arabia. The government is, in fact, the largest investor in Vision Fund of SoftBank, and has raised more than $93 billion last year.

Also Read

This isn’t the first time SoftBank intends to invest in Indian solar aspects. Previously in 2015, the company pledged to invest $20 billion in the country’s solar projects, aiming to generate 20 gigawatts of energy. It was supposed to be the majority partner in a joint venture with Bharti Enterprises of India and Foxconn of Taiwan.

Also, in April this year, SoftBank partnered GCL System Integration Technology Co Ltd of China on a $930 million deal in Indian solar energy. Furthermore, last month saw the Japanese firm secure 200 megawatts of solar capacity auctioned in Karnataka, the southwestern Indian state.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

As for India, SoftBank investment will come as a boost for the government’s strategy on renewable energy. PM Narendra Modi has his vision of renewable energy that eyes to achieve the operational solar power capacity of 100 GW by 2022. This will be five times greater than the present levels of the country’s solar capacity.

While a SoftBank spokesperson declined to comment, the company’s debut in the space of solar energy that came in March is now on course to expand further. The month saw Vision Fund investing in the world’s largest solar energy project in Saudi Arabia.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

Latest

Stories

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.
Elementor

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.

Kinsta

Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.

OptinMonster

OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.

Related

- Advertisement -
- Advertisement -
Realme GT Neo 5 Full Specs Revealed  Samsung Galaxy S23 Ultra: The New Android King Twitter To End Free API February 9 MLS Season Pass Now Available On Apple TV App Tesla To Increase Giga Shanghai EV Production to 20,000 Weekly  OpenAI Releases Tool To Detect AI-generated Text Tesla Records Double Net Profit in 2022 India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants
Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors Tesla’s S & Y Models Earn Best-in-Class Cars of 2022 India Approved $320m to Promote Homegrown Payments Network Twitter Roll Out TikTok-like ‘For You’ Timeline on iOS Nothing Phone Enters US with Beta Membership Program Finally! Apple’s VR Headset Coming this Spring