Sign in to follow this  
Followers 0
CMOP

China GCL Joins hands with Softbank for $930m India Solar Venture

Recommended Posts

Betting big on India’s renewable energy space, Japan’s SoftBank Group has signed an agreement with China’s Golden Concord Group Ltd (GCL) to set up a joint venture firm with a $930-million investment. The JV firm will manufacture and sell solar equipment in India.

Softbank Investment Advisors will fund the project through its Softbank Vision Fund, which is the world’s largest technology investment fund, with backing from Apple, Foxconn and Saudi Arabia’s sovereign wealth fund among others. Vision Fund, which had raised more than $93 billion in May 2017, plans also to invest more than $10 billion in Saudi Electricity Co.

Read More Here: https://www.thehindubusinessline.com/companies/softbank-chinas-gcl-join-hands-for-930-m-india-solar-venture/article23417723.ece

 

Share this post


Link to post
Share on other sites

Didn't they just do a similar XXL deal with the Saudis?

  • Like 1

Share this post


Link to post
Share on other sites

16 hours ago, TraderTate said:

Didn't they just do a similar XXL deal with the Saudis?

Yes this sure did

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  
Followers 0