Following the Indian Prime Minister’s 100GW solar and 60GW wind target by 2022, the venture will invest in and develop renewable energy plants across India, SoftBank had said. SoftBank, which had announced forming a joint venture (JV) for renewable energy with Airtel’s parent Bharti Enterprises and Taiwan-based iPhone manufacturer Foxconn in 2015 — SBG Cleantech, […]
SoftBank sister firm to invest $4 bn in Gujarat’s renewable energy sector
The investment will be in solar energy, wind energy and other unconventional renewable energy sources, it said. SB Energy, a sister company of Soft Bank of Japan, has announced that it will invest USD 4 billion or Rs 30,000 crore in renewable energy sector in Gujarat, a state government release said on Friday. The announcement […]
“Solar” cell maker Exeger raises $10 million from SoftBank
ImpactAlpha: Stockholm-based Exeger is trying to level-up the way light is captured and converted into energy. It is making a “solar” cell that can convert any type of light, including ambient light, into energy. Read More…
Softbank Fund Makes Energy-Storage Bet With an Unusual Battery
SoftBank Group Corp.’s massive Vision Fund is making its first-ever energy storage bet — and it’s on a rather unconventional type of battery. The fund, created by Japanese tech giant SoftBank Group Corp., is investing $110 million in Energy Vault, a Swiss startup that’s using cranes and concrete to store energy. An electric crane hoists […]
Energy Vault Closes Series B Funding With $110 Million Investment From Softbank Vision Fund
New Financing Will Accelerate Growth and Rapid Global Deployment of Company’s Transformative Utility-Scale Energy Storage Technology Lugano, Switzerland: Energy Vault, the creator of renewable energy storage products that are transforming the world’s approach to long duration, utility-scale energy storage, today announced it has completed a $110 million Series B funding round. The investment for the […]
Japan’s Softbank earmarks $20 billion for India from its $100 billion Vision Fund
The SoftBank Vision Fund, the worlds largest technology-focused fund, which is worth $100 billion, is planning to earmark $20 billion for India, sources privy to the developments told CNBC-TV18. The Japanese multinational is likely to invest this amount over a period of five to seven years, said people familiar with the matter. The fund was […]
SoftBank, PIF in early funding talks with banks on huge solar project: sources
Saudi Arabia is embarking on a huge push to transform its economy and reduce its dependence on oil. DUBAI: SoftBank Group Corp and Saudi Arabia’s Public Investment Fund are in early talks with banks about potential funding for a multi-billion dollar solar power project planned in the kingdom, say sources familiar with the matter. The […]
SoftBank, China’s GCL team up for $930 mln Indian solar venture
The venture will work on photovoltaic technology, which is used in solar panels. GCL will provide technology and SoftBank will assist is obtaining land and regulatory approvals. 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 […]
Softbank plans to build photovoltaic project with GCL India with investment of nearly US$1 billion
GCL IntegrationThe announcement on the evening of the 30th stated that the company’s real controller and director Zhu Shanshan’s GCL Group and Softbank Investment planned to invest USD 930 million to set up a joint venture in India. The joint venture planned to have a production capacity of 4 GW and implement it in two […]