Wednesday 3 October 2018

SoftBank to offer free power from solar plants in India: Masayoshi Son

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo. (Photo: Reuters)

SoftBank Energy, which is trying to find a strong footing in India would offer free power from its solar power plants in India.

Speaking at the second Re-Invest conference, Masayoshi Son, CEO, SoftBank announced that their solar power plants would offer free power to all member countries of International Solar Alliance (ISA)

“As long as you have the land and sunshine, as long as you have the eyes and ears listening to me, I will give you free power.” Son said.

Son said that the life of a solar power project can extend to 80 years. “The capacity of the project lowers by 15 per cent in the first five years. But after that, the generation is maintained at 85 per cent of the project capacity for its lifetime,” he said.

The SoftBank CEO who has invested in leading technology start ups in India said money and technology is not a problem but passion is.

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