(From Reuters)

SB Energy, a three way joint venture of Japan’s SoftBank Group, Bharti Enterprises and Foxconn Technology Co Ltd, has won an order to develop a solar plant in India, marking SoftBank’s first foray into renewable energy there.

The government of Prime Minister Narendra Modi has set an ambitious target to raise India’s solar capacity five fold to 100,000 MW by 2022. U.S.-based SunEdison already runs solar power plants in India. Read more

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