Tanti Group to invest with Arcapita Bank
Tanti Group of Companies said that it has entered into an agreement with Bahrain's Arcapita Bank to invest USD 2 bn for creating a portfolio of 1,650 MW wind energy in China.
MUMBAI: Tanti Group of Companies, promoters of Suzlon Energy, on Monday said that it has entered into an agreement with Bahrain's Arcapita Bank to invest USD two bn for creating a portfolio of 1,650 MW wind energy in China.
The joint venture partners have signed an agreement to acquire Honiton Energy Holdings, which will build the portfolio, a company statement said.
The acquisition will be done by Colossus Holdings, a Singapore-based holding company of the Tanti Group of companies.
"This investment reinforces our commitment towards the renewable energy sector and belief in the exponential growth potential of wind energy in developing markets like China and India," Colossus Holdings Director Tulsi Tanti said.
Established in 2005, Honiton has 50 MW of installed capacity and is in the process of development of additional 100MW of wind power.
It has also secured agreements to develop wind farms on five separate areas in China.
Yes Bank was the sole advisor to Colossus Holdings in this transaction.
The joint venture partners have signed an agreement to acquire Honiton Energy Holdings, which will build the portfolio, a company statement said.
The acquisition will be done by Colossus Holdings, a Singapore-based holding company of the Tanti Group of companies.
"This investment reinforces our commitment towards the renewable energy sector and belief in the exponential growth potential of wind energy in developing markets like China and India," Colossus Holdings Director Tulsi Tanti said.
Established in 2005, Honiton has 50 MW of installed capacity and is in the process of development of additional 100MW of wind power.
It has also secured agreements to develop wind farms on five separate areas in China.
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Yes Bank was the sole advisor to Colossus Holdings in this transaction.
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