Softbank CEO Masayoshi Son Offers Free Electricity after 25 Years

Chief Executive Officer of Soft Bank Group Masayoshi Son addressed the plenary session of the 2nd Global Renewable Energy Investment Meeting and Expo, (REINVEST- 2018), organised by the Ministry of New and Renewable Energy.

Chief Executive Officer of Soft Bank Group Masayoshi Son addressed the plenary session of the 2nd Global Renewable Energy Investment Meeting and Expo, (REINVEST- 2018), organised by the Ministry of New and Renewable Energy.

The First Assembly of International Solar Alliance (ISA); the 2nd IORA Renewable Energy Ministerial Meeting and the 2nd Global Renewable Energy Investment Meeting and Expo, (REINVEST- 2018) held at India Expo Mart, Greater Noida, UP, from 3rd to 5th October 2018.The plenary session called ‘RENNOVATE’, held a special series of inspirational conversations with global leaders who believe passionately on renewing the planet through new ideas and technologies.

Making a presentation at the occasion Chief Executive Officer, SoftBank Group Masayoshi Son, said “ISA has been a very important part of Prime Minister Modi’s leadership. PM Modi wants 100 per cent electrification, it’s a great mission, with great vision, for villages and for households (Saubhagya)”. Commending the efforts of the ISA, he said “We are no more one nation in this mission, but 121 nations involved in bringing a change. I get involved as the chairman of task force, sharing three outcomes- solar innovation platforms, solar technology centres and finally connecting people with power. We fully support the vision 2020 set by PM Modi. Cost of Solar power generation is much cheaper in India compared to rest of the world. I will give free power from solar power projects after 25 years of PPA to all ISA member countries. We’re investing in tech and innovation so that we can harness solar energy efficiently to provide free power to children, mothers, communities across the world. It is not a dream, we now have the resources to make this happen.”

The conference was inaugurated in a common function by the Prime Minister Narendra Modi, in the presence of Antonio Guterres, Secretary General, United Nations on 2nd October 2018 in Vigyan Bhavan, New Delhi.

The 2nd REINVEST aims at accelerating the worldwide efforts to scale up renewable energy and connect the global investment community with Indian energy stakeholders. 2nd REINVEST is a three-day conference on renewables, cleantech and future energy choices, and an Expo of renewables-related manufacturers, developers, investors.