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SoftBank Project Development Fee

Sector: Power Generation (CCGT) • Location: Ohio, United States

Source: Benzinga

Project
Under Construction

SoftBank Group Corp. was to earn a ¥1 trillion ($6.3 billion) fee for developing and operating the Ohio gas-fired power plant under the U.S.-Japan trade deal. The fee was slashed by over 90% due to intervention from Tokyo officials amid concerns over the $550 billion joint investment plan. SoftBank will continue to receive payments over 15–20 years if it achieves the target capacity of 9.2 gigawat

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The project “SoftBank Project Development Fee” is an infrastructure initiative in the Power Generation (CCGT) sector, located in Ohio, United States. Taiyo aggregates data on it from Benzinga.

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Description

Description

SoftBank Group Corp. was to earn a ¥1 trillion ($6.3 billion) fee for developing and operating the Ohio gas-fired power plant under the U.S.-Japan trade deal. The fee was slashed by over 90% due to intervention from Tokyo officials amid concerns over the $550 billion joint investment plan. SoftBank will continue to receive payments over 15–20 years if it achieves the target capacity of 9.2 gigawatts.

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