In June 2015, SoftBank Group Corp CEO Masayoshi Son made an announcement that sent tremors through India’s clean energy sector. Speaking at a news conference in New Delhi, Son declared that the Japanese conglomerate would lead a $20 billion investment to build 20 gigawatt ( GW GW GW 1 GW = 1,000 MW ) of solar energy capacity in India. India’s total solar capacity at the time? 3 GW.
It wouldn’t be a stretch to say that Indian clean energy producers felt like they were facing a firing squad.