Tag Archives: Masayoshi Son

SoftBank founder outlines plan to shift Japan to renewable energy

Japans richest entrepreneur outlined a plan on Monday to rebuild the countrys energy infrastructure in the wake of its nuclear disaster, shifting the majority of supply to natural, renewable resources by 2030.

Masayoshi Son, founder and CEO of SoftBank, was speaking at the launch of his Japan Renewable Energy Foundation. He said Japan could shift to renewable energy sources for 60% of its electricity requirements over the next two decades, calling for a 2 trillion yen £16.34 billion "super grid" across the country, and underwater off the coast, that would zip electricity around cheaply and efficiently to meet demand.

"Japan is a country that is riddled by earthquakes," Son said at a conference hall in central Tokyo. "We must minimise our use of nuclear power over the next 20 years."

Read the rest of the story: SoftBank founder backs Japans shift to renewable energy.

Japan’s Richest Man Has Solar Plans

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.