Tuesday, September 1, 2009

Indian Energy raises funds for wind portfolio

Guernsey-based wind power producer Indian Energy has raised USD 16m from existing stakeholders and new investors. The firm has its presence in India via its subsidiary Belgaum Wind Farms that owns and operates a 24.8MW wind farm in Karnataka. Indian Energy plans to use the funds to acquire wind farms in India and have a portfolio of 300MW of wind power by FY13.

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