SoftBank unit to sell electricity

SB Energy plans to launch retail electricity sales this spring.

SB Energy plans to launch retail electricity sales this spring.

Japanese telecoms giant SoftBank has confirmed a local report stating that its renewables subsidiary, SB Energy, will start selling electricity to businesses at some point in the spring.

"We’d like to start selling power commercially, but it depends on whether we have customers or not," SoftBank spokesperson Matthew Nicholson tells Recharge.

"We have a track record in power generation, with various (utility-scale PV) installations around Japan… being able to deliver and sell renewable power, that’s a big part of this."

However, the company denied a report by The Nikkei newspaper stating that SB Energy intends to sell electricity to households after efforts to fully liberalise the nation’s electricity market are completed in 2016.

"Nothing has been decided at all,” Nicholson says.

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