SoftBank Group Corp will invest $60 billion-$100 billion in solar power generation in India.
Soon,the Government will sign a Memorandum of Understanding with the Softbank regarding this.
Softbank will make the investment through a fund backed by Saudi Arabia’s government.
India has set a target of generating 100GW solar power capacity by 2022. This is five times the current generation.
SoftBank’s Vision Fund has exposure to solar energy through its investment in the world’s largest such project in Saudi Arabia announced in March.