International Venture Invests $2 Billion in Chinese Wind Power

JOHANNESBURG--July 10, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--The international character of the renewable energy industry is illustrated by a project to develop a 1,650-megawatt portfolio of windfarms in China's Inner Mongolia autonomous region. The project was launched by Arcapita Bank (Manama, Bahrain), an international investment corporation, in a joint venture with Singapore-based Colossus Holdings, the holding company of the Tanti Group, an Indian conglomerate. The $2 billion project includes the purchase of China's Honiton Energy Holdings. The new joint venture will bring capital and expertise to the project through the Tanti Group, which owns 66% of Suzlon Energy (BOM:532667) (Pune, India), a leading global wind turbine supplier.