Softbank To Build Largest Solar Plant in Japan
The Japanese government is giving out incentives for new renewable energy projects in the country. And Japan’s third largest mobile service provider has used it to its advantage by announcing its plan to build the nation's largest solar plant. An excerpt from Businessweek’s report:
Under the incentive plan, Japan’s utilities are required to buy electricity from renewable sources such as solar, wind and geothermal at above-market rates to increase the country’s clean power use and diversify its energy mix. Softbank’s Chairman Masayoshi Son has set up SB Energy Corp. to develop and promote renewable energy projects since the Fukushima nuclear disaster.
