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Softbank proposes to offer free power to solar alliance countries

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By Reuters
Softbank proposes to offer free power to solar alliance countries
FILE PHOTO: An employee works behind a logo of Softbank Corp at its branch in Tokyo March 2, 2011. REUTERS/Toru Hanai/File Photo   -   Copyright  Toru Hanai(Reuters)

(Reuters) – Japan’s Softbank Group Corp <9984.T> has proposed to offer free electricity, after 25 years, to International Solar Alliance member-countries that sign power purchase agreements, Chief Executive Masayoshi Son said at a renewable energy conference in New Delhi on Wednesday.

SoftBank said in 2015 that it would foray into India’s solar energy market, and invest up to $20 billion along with Foxconn Technology <2354.TW> and Bharti Enterprises, aiming a capacity of up to 20 gigawatts.

(Reporting by Sudarshan Varadhan in New Delhi, Writing by Sharnya G, Editing by Sherry Jacob-Phillips)