Energy

SoftBank's plan to make solar parks with IL&FS Energy falls through: report

Updated : September 24, 2018 08:56 AM IST

Earlier in February, IL&FS Energy and SB Energy signed a memorandum of understanding (MoU) to build solar parks with a total capacity of 20 gigawatt, the report said.

SB Energy is facing hurdles in acquiring land, clearances and transmission facility, the report said, adding that it is currently looking at domestic partners to execute the solar power projects with capacity of 1 gigawatt.

SoftBank's plan to make solar parks with IL&FS Energy falls through: report

Japanese banker SoftBank’s plan to build solar parks in a tie-up with IL&FS Energy has fallen through and no joint venture is in sight, reported Business Standard.

SB Energy, SoftBank's energy arm in India, and IL&FS Energy had signed a memorandum of understanding in February this year to build solar parks with a total capacity of 20 gigawatt, the report said.

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