SoftBank arm, Essel group to jointly develop 500-MW solar park
Updated : November 01, 2018 10:37:30 IST
The agreement will enable the Masayoshi Son-run Softbank Group to expand its portfolio further in country and is part of aggressive growth strategy adopted here, a source close to the Subash Chandra-run company said.
Essel Infraprojects, which is part of the Essel group, is into developing large infrastructure projects across multiple sectors and has been focusing on development of solar assets and enabling infrastructure and has planned multiple similar solar assets across the country.
In May this year, SoftBank Group had partnered with the now crippled infrastructure conglomerate IL&FS to develop over 20 GW solar capacity in the country by 2025.