SoftBank invests in solar power plants

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SoftBank invests in solar power plants

4 FAQs about [SoftBank invests in solar power plants]

How will Saudi Arabia invest in a solar park?

Saudi Arabia’s public investment fund, the sovereign vehicle through which the crown prince is driving the kingdom’s economic transformation, and the SoftBank Vision Fund will put up 10-20 per cent equity investment for each solar park. The rest of the funds will be raised through project financing.

Who are SoftBank's billionaire founders?

Mr Son, SoftBank’s billionaire founder, became one of the most outspoken advocates for renewable energy following the 2011 Fukushima nuclear disaster. The group is a heavy investor in solar power farms across Japan, and Mr Son has also pledged to invest $20bn in the Indian solar power industry.

Will Toyota Tsusho buy SoftBank?

Toyota Tsusho has agreed to buy an 85% stake in Softbank’s renewable energy unit, SB Energy, which owns and operates 773 MW of renewable energy assets in Japan, including 667.1 MW of solar and 55.9 MW of wind capacity.

How much does a solar power plant cost?

The first phase of the project will cost around $5bn and will begin this year, with 7.2 gigawatts of power in 2019. Around $1bn will be put up initially by both sides with the rest made up through debt financing.

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