SoftBank Signs $930 Million Deal To Set Up Solar Venture In India

Posted on:04 Apr 2018 09:41:17
SoftBank Signs $930 Million Deal To Set Up Solar Venture In India
04 April 2018 Current Affairs: SoftBank signed a $930-million deal with China's energy conglomerate Golden Concord (GCL) to produce and sell solar equipment in India.

GCL will invest for a 40% stake in the joint venture, with SoftBank taking the rest.

The project will have a 4 gigawatt-capacity and will produce solar ingots, silicon wafers, batteries, and components.
SoftBank signed a $930-million deal with China's energy conglomerate Golden Concord (GCL) to produce and sell solar equipment in India.

GCL will invest for a 40% stake in the joint venture, with SoftBank taking the rest.

The project will have a 4 gigawatt-capacity and will produce solar ingots, silicon wafers, batteries, and components.

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