April, 2008

$930 Million Solar Venture in India

A Chinese energy conglomerate and SoftBank Group Corp. signed a $930 million agreement to produce and sell solar equipments in India.Golden Concord Group Ltd. will invest in a 40% stake in the joint venture, with Japan’s SoftBank taking the rest. The project will have a capacity of 4 GW and be involved in producing and selling solar ingots, silicon wafers, batteries and components.