Modi also announced a National Energy Storage Mission.
Softbank CEO Masayoshi Son has said its solar projects will provide electricity for free beyond the initial 25-year term of their power purchase agreements (PPAs).
The offer will be made to members of the International Solar Alliance and was made at the organisation’s general assembly. The ISA was founded by India and France during the Paris climate change negotiations.
Son said he had discussed the “special offer” with Prime Minister Narendra Modi who attended the session. He added that maintenance and cleaning would be the only costs to bear for these projects once the initial term of a PPA had passed.
Softbank operates as part of a JV in India and commissioned a 350MW plant last year. It has also reiterated its commitment to working on a 7.2GW rollout in Saudi Arabia as a finance partner.
The ISA has 68 signatories from Australia and the UK to Brazil and Burundi.
Modi also announced a National Energy Storage Mission in the same mould as the country's National Solar Mission.
India is proud to host the first Assembly of the International Solar Alliance, the second IORA Renewable Energy Ministerial Meeting and the 2nd Global RE-Invest (Renewable Energy Investors’ Meet and Expo). pic.twitter.com/SBb6xwJ9fI— Narendra Modi (@narendramodi) October 2, 2018
Dec 15, 2020 GMT
Hear from market leaders experienced with delivering the largest projects and portfolios in the UK. Understand the challenges they face bringing NSIP (Nationally Significant Infrastructure Project) projects and multi-GW portfolios to shovel ready stage and hear their perspective on the continued growth of UK solar and the construction boom expected over the next few years.
May 26 - May 27, 2021
Looking at the drivers and dynamics of utility scale solar in the UK & Ireland over the next five years. This event will consider the immediate challenges as we enter the build phase in both these markets where we could see as much as 4GW deployed in 2021 alone! What developments will continue the growth of 100MW+ sites and what impact will government policy have on the rate of deployment in both markets?Join leading developers and manufacturers shaping the direction of one of Europe’s most active markets and hear from speakers with a history of influencing innovation and change.
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