Solar Energy News  
SOLAR DAILY
SoftBank plans $60-100 bn investment in solar in India: report
by Staff Writers
Tokyo (AFP) June 15, 2018

Japan's SoftBank is planning to invest between $60-100 billion in a solar power project in India, a Japanese report said Friday, as the firm looks to expand its interests into various sectors.

The report by public broadcaster NHK comes after SoftBank announced in March it would partner Saudi Arabia on a multi-billion dollar solar project that the company's founder called the largest in the world.

NHK said the massive investment in India would be funded jointly by SoftBank and Saudi Arabia, which have already partnered to create the Vision Fund investment vehicle.

A spokesman for SoftBank declined to comment on the report.

NHK said the deal would likely be announced by SoftBank and the Indian government after details were finalised, without giving a timeline.

Under CEO Masayoshi Son, SoftBank, which started as a software firm, has increasingly been seen as an investment firm, ploughing funds into a broad range of companies and projects outside its core business. In recent years it has completed deals with the likes of French robotics firm Aldebaran and e-commerce Chinese giant Alibaba.

In March, Son said it would fund the "largest solar project ever", in Saudi Arabia.

The project aims to generate 200 gigawatts of energy by 2030, with building beginning in 2018 and operations to start the following year.

The entire project is expected to cost $200 billion, with the first phase costing $5 billion.

SoftBank's $100-billion Vision Fund, created in 2016 with money from Saudi and other investors, will contribute $1 billion to the first phase.

kap/sah/dan/ceb

SOFTBANK GROUP


Related Links
All About Solar Energy at SolarDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


SOLAR DAILY
EU sets higher target for renewable energy by 2030
Strasbourg, France (AFP) June 14, 2018
The EU agreed Thursday to raise its consumption target from wind, solar and other renewable energy sources, aiming for 32 percent by 2030 rather than the previous 27 percent. But environmentalists said the provisional deal between the 28 European Union countries, the European Parliament and the European Commission, the EU's executive arm, was not ambitious enough to fight climate change. EU climate and energy commissioner Mighuel Arias Canete said: "I am particularly pleased with the new Europe ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

SOLAR DAILY
Orange, tea tree and eucalyptus oils sweeten diesel fumes

Critical plant gene takes unexpected detour that could boost biofuel yields

'Tricking' bacteria into hydroxylating benzene

How to suck carbon dioxide from the sky for fuels and more

SOLAR DAILY
Robots learn by checking in on team members

Future robots need no motors

A fast, low-voltage actuator for soft and wearable robotics

'iPal' robot companion for China's lonely children

SOLAR DAILY
New wind turbines are even efficient in low winds

Cryptocurrency blowing in the wind as mine opens in Estonia

U.S. Atlantic states eye offshore wind leadership

European wind energy generation potential in a warmer world

SOLAR DAILY
Audi boss arrested in diesel probe

Fleet of autonomous boats could service cities to reduce road traffic

MIT study helps driverless cars change lanes more like humans do

Germany hits Mercedes with mass diesel recall

SOLAR DAILY
Rutgers-led research could lead to more efficient electronics

Sodium- and potassium-based batteries hold promise for cheap energy storage

Nickel ferrite promotes capacity and cycle stability of lithium-sulfur battery

The first experimental discovery in the world of the propagation of plasma turbulence

SOLAR DAILY
Creating a new composite fuel for new-generation fast reactors

Nuclear power shutdowns won't spike power prices

Seawater yields first grams of yellowcake

Framatome and the EPR reactor: a robust history and the passion it takes to succeed

SOLAR DAILY
Hong Kong consortium makes $9.8 bn bid for Australia's APA

'Carbon bubble' coming that could wipe trillions from the global economy

Trump readies new plan to aid coal and nuclear power

Carbon dioxide emissions drop from U.S. power sector

SOLAR DAILY
'Shocking' die-off of Africa's oldest baobabs

New research finds tall and older Amazonian forests more resistant to droughts

Zangbeto: voodoo saviour of Benin's mangroves

New technique reveals details of forest fire recovery









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.