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Title: SoftBank, IL&FS team up to power 20 GW solar parks
Source:The Economic Times
Date:28 May 2018

The SoftBank Group is tying up with infrastructure conglomerate IL&FS to develop more than 20 gigawatts of solar capacity in India by 2025 to support Prime Minister Mr Narendra Modi’s ambitious renewable energy road map for the country. This comes less than two months after the Japanese group teamed up with China’s GCL System Integration Technology for a $930 million (Rs 6,350 crore) India solar power venture. SB Energy, the power and energy investment arm of SoftBank, and IL&FS’ wholly owned IL&FS Energy unit have agreed to jointly develop grid-connected solar projects across the country.

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