SoftBank Group's SB Energy, IL&FS to partner for solar parks in India

"The development cost for this capacity is pegged at $20 billion," said a person with direct knowledge of the development on the condition of anonymity

IL&FS Energy and SoftBank group's SB Energy will form a partnership to develop grid connect solar parks of about 20 gigawatts (GW) in India, IL&FS said in a statement on Monday.

"IL&FS Energy, a subsidiary of IL&FS has partnered with SB Energy (with investments from SoftBank Group International), to jointly develop grid-connected solar parks. These parks will be developed across various locations in India," IL&FS said in its statement.

The company in its release added the development of 20GW by 2025. "The development cost for this capacity is pegged at  $20 billion," said a person with direct knowledge of the