Asia Billionaires Son, Gou and Mittal in India Solar Push
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Japan’s SoftBank Corp. will tie up with Bharti Enterprises Pvt. and Foxconn Technology Group in a $20 billion solar power venture in India, as the nation seeks to expand clean energy output about fivefold by 2022.
The project will aim to add 20 gigawatts of solar generating capacity, SoftBank’s billionaire founder Masayoshi Son said at a briefing in New Delhi Monday. He spoke alongside Bharti’s Sunil Mittal, who said SoftBank will control the venture, with Bharti and Foxconn having minority stakes.