<div>Japan's SoftBank is to team up with Bharti Enterprises and Taiwan's Foxconn to invest about $20 billion in solar projects in India as the country steps up efforts to boost the renewable energy sector.</div><div> </div><div>SoftBank, which has said it will invest $10 billion in India over time, said on Monday (22 June) that the companies had a minimum commitment of generating 20 gigawatts of energy.</div><div> </div><div>The rapidly falling cost of solar power, which is expected to reach parity with conventional energy by 2017, has ignited interest in its potential in India.</div><div> </div><div>Prime Minister Narendra Modi has looked to industry for help in funding what could be a $100 billion expansion in clean energy.</div><div> </div><div>Softbank chief executive Masayoshi Son said Foxconn will help with planned solar equipment manufacturing for the projects. The companies are looking at manufacturing equipment in India, he added.<br><br>(Reuters)</div>
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