Tokyo -based Orix plans to acquire 49% of shares in seven wind power subsidiaries, jointly owned with Infrastructure Leasing & Financial Services (IL&FS) Orix . The partners are working to gain the approvals necessary to turn the projects into wholly-owned Orix subsidiaries. According to the company’s statement, “In future, India’s wind power generation market is expected to experience high growth. Infrastructure Leasing & Financial Services owned the remaining 51% of the shares of the seven special purpose vehicles, as part of a plan to develop its Japanese wind power generation business.
Tokyo -based Orix plans to acquire 49% of shares in seven wind power subsidiaries, jointly owned with Infrastructure Leasing & Financial Services (IL&FS) Orix . The partners are working to gain the approvals necessary to turn the projects into wholly-owned Orix subsidiaries. Infrastructure Leasing & Financial Services owned the remaining 51% of the shares of the seven special purpose vehicles, as part of a plan to develop its Japanese wind power generation business.