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Softbank to Infuse Up To USD 100 Bn in Solar Projects

SoftBank Group intends to pump USD 60-100 billion in solar power generation in India.

 

The Central government and SoftBank are expected to reach a formal agreement soon after final agreements are made.

 

The company is expected to make the investment through a fund-backed by Saudi Arabia's government. Saudi Arabia is the largest investor in SoftBank's Vision Fund, which raised over USD 93 billion in 2017.

 

In May 2018, SoftBank secured 200 MW of solar capacity at an auction in Karnataka.

 

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