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Softbank’s Arm to Invest Rs 30000 crore in Renewable Energy in Gujarat

SB Energy, a sister company of the SoftBank of Japan, has now revealed that it will invest $4 billion or INR 30000 crore in the renewable energy sector in Gujarat, said the announcement.

The announcement was made at a meeting between the Executive Chairman of SB Energy Manoj and CM Vijay Rupani.

The investment will be in the wind energy, solar energy and some other unconventional renewable energy sources, it revealed.

“Of this 30,000 MW, 20,000 MW will be used in the state while another 10,000 MW will be given to other states. SB Energy’s announcement of investing 4 billion US dollars will go a long way in achieving the target,” the release said.

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