The Japanese Internet and mobile telecommunications group will conduct tests in an area of some 240,000 hectares to collect data and analyze them before choosing a site to construct a power generation facility.
Softbank will be the first Japanese company to launch wind power generation business in Mongolia. It will set up a research company, Clean Energy Asia LLC, in the Central Asian country with Ulan Bator- based investment firm Newcom LLC next month.
On Saturday, Softbank announced plans to form an alliance with Newcom and South Korea’s Korea Electric Power Corp. to launch a power generation business using renewable energy.
