Billionaire Masayoshi Son has a track record in taking on monopolies after building a business that opened up the nation’s telecommunications industry. Now he aims to shake up Japan’s power utilities after the worst nuclear crisis in 25 years.
Son, the 53-year-old chief executive officer of Softbank Corp., plans to build solar farms to generate electricity with support from at least 33 of Japan’s 47 prefectures. In return, he’s asking for access to transmission networks owned by the 10 regional utilities and an agreement they buy his electricity.
Radiation continues to spew across at least 600 square kilometers (230 square miles) in northeastern Japan after the March 11 earthquake and tsunami damaged the Fukushima nuclear plant.
Read the rest of the story: Japan’s Richest Man Takes on Atomic Future With Solar Plans.