SoftBank signs $930 mn deal to set up solar venture in India
SoftBank has signed a $930-million deal with China's energy conglomerate Golden Concord (GCL) to produce and sell solar equipment in India. GCL will invest for a 40% stake in the joint venture, with SoftBank taking the rest, the company said in a statement. The project will have a 4 gigawatt-capacity and will produce solar ingots, silicon wafers, batteries, and components.