Skip to main content

SoftBank is in intensive talks about solar power for India 2030

Get updates direct: Subscribe via email
Tinuku ~ SoftBank Group is in intensive talks with the Indian government to facilitate the use of renewable energy such as solar power to charge electric vehicles in the country that have endorsed a blueprint that the country will only allow electric cars after 2030 and ban oil-fueled cars in sales.

Tinuku SoftBank is in intensive talks about solar power for India 2030

Today India is trying several breakthroughs to drive all resources for electric vehicle production for the next 15 years. A plan encourages Softbank's ambition to invest in solar power projects to charge the vehicle.

SoftBank says it will invest up to $ 20 billion and partner with Foxconn Technology and Bharti Enterprises in a solar project in India. A projection states electrification can meet an additional power of more than 150 gigawatts (GW).

India has planned an ambitious target to generate 100 GW of solar power by 2022. SoftBank is also one of the largest investors in Ola company preparing for the launch of large-scale electric vehicles by 2018 and in May launching its first pilot project.

"Obviously we're in the middle, on the one hand we're building solar energy and on the other side building an induction plant for electric Ola vehicles," said Manoj Kohli, chief executive of SB Energy, a subsidiary of SoftBank's solar power business, in a statement.

Kohli said when the number of electric vehicles and charging stations grew significantly then it required a special solar power plant to supply energy for transportation.

Prime Minister Narendra Modi last month launched a policy aimed at converting all vehicles in the country by 2032 that helped India reduce emissions and cut its oil import budget. Kohli said the government needs to lead the design of charging infrastructure.

SB Energy has held discussions with government officials about the ways in which countries in Europe and the United States use solar power to charge electric vehicles and potential solutions for India.

"It is very clear that the charging of electric vehicles must be done using renewable energy, how it is done, technical operations and architecture still have to be completed," Kohli said.

Comments

Popular posts

Denso, Ericsson, Intel, NTT DoCoMo and Toyota build big data

Alibaba's profit doubled for second quarter this year

Gesits electric motorcycle setup 100,000 units in 2018

China established first cyber-court in Hangzhou

Future Mobility setup electric cars hit global markets 2019