India’s Solar Energy: Softbank Corp To Team Up With Bharti Enterprises And Foxconn To Invest About $20 Billion

Posted by ETFalpha ⋅ June 22, 2015 ⋅ Leave a comment

Filed Under $EPI, $INDY, Adani Group, Bharti, EM, Emerging Markets, Energy, Foxconn, Gujarat, INDA, India, Investments, Japan, KWT, MarketWatch, Narendra Modi, SCIF, Softbank, Solar, Solar Energy, SunEdison, Taiwan, TAN, The Times Of India

“Japan’s Softbank Corp is to team up with Bharti Enterprises and Taiwan’s Foxconn to invest about $20 billion in solar projects in India as the country steps up efforts to boost the renewable energy sector,” The Times of India reports.

Courtesy of climateparl.net/

“Softbank, which has said it will invest $10 billion in India over time, said on Monday that the companies had a minimum commitment of generating 20 gigawatts of energy,” the news agency added.

Solar projects in India to get $20bn boost http://t.co/wFCtHWlxOn

— Times of India (@timesofindia) June 22, 2015

Also SunEdison plans to invest $15 billion in India by 2022 according to a top executive. The renewable-energy company seeks to deepen in its foothold in a country where power producers have struggled to meet demand, MarketWatch noted.

Earlier this year, SunEdison Inc. of the U.S. and Adani Group said they plan to jointly build India’s biggest solar-panel factory in the state of Gujarat, putting the price tag at $4 billion.