Japan´s telecom and Internet major SoftBank, Bharti Enterprises and Taiwan-based Foxconn Technology Group have formed a joint venture, SBG Cleantech, which will invest around $20 billion over 10 years into green energy projects. SoftBank will own a majority stake in the Renewable Energy project, while Bharti and Foxconn will take minority stakes, subject to certain conditions, in the venture which will bid for solar and wind energy projects across different states.
¨Our eyes are trained on India, given the vast potential that the country offers. We have already made considerable investments in the technology sector here. With this partnership, our goal is to create a market-leading clean energy company to fuel India´s growth with clean and renewable sources of energy,¨ Masayoshi Son, Chairman & CEO of SoftBank, said.
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