ORIX buys 49% in IL&FS, forms Joint Venture for Clean Energy Projects

Energy products

Orix Group, the Japanese financial services company, has picked up a 49% stake in the wind energy business of the Indian based Infrastructure Leasing & Financial Services Ltd (IL&FS). The company has a total wind energy capacity of 1,004 MW, of which 775 MW is operational and the remaining is under construction. The Indian company feels that the deal will help execute its development pipeline of an additional 1,000 MW in wind energy assets. Under the deal, the two companies also plan to implement 2,000 MW of solar power projects in India.

Read Full News At:  http://www.researz.com/orix-buys-49-ilfs-forms-joint-venture-clean-energy-projects

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