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SoftBank, China's GCL team up for $930 million Indian solar venture

SoftBank and GCL's new venture will eventually have a capacity of 4Gw and will be implemented in two 2Gw phases

Reuters  |  Beijing 

SoftBank Group Corp has agreed to launch a $930 million Indian joint solar energy venture with Chinese firm GCL System Integration Technology Co Ltd as part of its ambitious India solar investment roadmap. The venture will work on photovoltaic technology, which is used in solar panels. GCL will provide technology and SoftBank will assist in obtaining land and regulatory approvals, GCL said in a filing to the Shenzhen stock exchange dated Friday. SoftBank said in 2015 that it would invest up to $20 billion along with Foxconn Technology Co Ltd and Bharti Enterprises in solar ...

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First Published: Mon, April 02 2018. 15:52 IST
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