Sunday, May 26

Tag: Solar power project

SoftBank Corp. To Invest Billions In Indian Solar Power Project
FUNDING

SoftBank Corp. To Invest Billions In Indian Solar Power Project

Japanese holding company, Softbank Group Corporation is determined to invest funds amounting to $60 billion to $100 billion in a solar power project in India. According to the reports, the funds being invested in the project are supposedly raised by the Softbank from the Saudi Arabia’s government. Saudi Arabia is the biggest investor in the Softbank’s Vision Fund, which was backed by an amount of $93 billion last year. After all the arrangements and preparations for the deal are done, both the parties that are Softbank and Indian government will make an official announcement for the same. Softbank was initially started as a telecom firm but it now has handed in a number of different areas, including e-commerce, finance, broadband, marketing, and more. The company has taken on an a...
Know About World’s Biggest Floating Solar Project In China
CHINA

Know About World’s Biggest Floating Solar Project In China

The world's biggest 1 billion yuan($151 million) floating solar project in China, has connected to the grid. according to press-statement on December 10. Started by a unit of China Three Gorges Corp., China Three Gorges New Energy Co. the 150MW project started in July, 2017 is located in Panji District, Huainan City, Anhui Province. The plant is situated on a man-made lake which formed after collapsing and flooding a coal mine. The project will have 166,000 solar panels, producing clean energy, in a country that has some of the world's worst air pollution. Coal burnt for power and steel smelting is the principle cause of air pollution in these areas. "The coalmine was very hot and the air was bad. But here I feel safe. The new energy is safe." said a coal-miner. China is now wo...