Softbank’s Son makes more big announcements: Free electricity after 25 years


From pv magazine India

Plans for one big project may have just been shelved for Softbank in Saudi Arabia; however, in the plenary session of the 2nd Global Renewable Energy Investment Meeting and Expo, (RE Invest- 2018), currently taking pace in Greater Noida, just outside of the Indian capital of Delhi, Softbank’s Son showed no signs of slowing down.

Praising the International Solar Alliance (ISA), which held its first assembly yesterday at Re Invest, Son said, “I get involved as the chairman of task force, sharing three outcomes- solar innovation platforms, solar technology centres and finally connecting people with power. We fully support the vision 2020 set by PM Modi. Cost of Solar power generation is much cheaper in India compared to rest of the world.”

He also applauded Indian Prime Minister Modi’s goals for 100% electrification, calling it “a great mission, with great vision”.

Going back to the role of the ISA, Son went on to say that he will give free power from solar power projects after 25 years of PPA to all ISA member countries.

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“We are no more one nation in this mission, but 121 nations involved in bringing a change,” he said, adding, “We're investing in tech & innovation so that we can harness solar energy efficiently to provide free power to children, mothers, communities across the world. It's not a dream, we now have the resources to make this happen.”

Meeting requirements

Kicking off the event in India yesterday, Prime Minister Narendra Modi laid out a bold plan for renewables. It includes a target is to meet 40% of India’s total energy requirements in 2030 with non fossil fuel-based sources; and US$ 70-80 billion of investments over the next four years to build a domestic solar manufacturing sector.

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