It did not disclose the terms of the deal, although The Nikkei newspaper claimed the Tokyo-based company paid more than ¥20bn ($178.4m ), without citing its sources.
IL&FS — which has already completed 775MW of its 1GW pipeline — is now building 26 wind farms in seven states throughout India.
The partners plan to sell electricity from their wind projects to commercial-scale utility customers, as well as to state utilities under India’s feed-in tariff (FIT) system.
Orix
