arcapita-and-tanti-sign-china-wind-farm-deal

Arcapita and Tanti sign China wind farm deal

Bahrain investment firm Arcapita and the owners of IndiaÆs Suzlon Energy will buy Honiton Energy to create a $2 billion wind farm business in China.
July 08, 2008
Bahrain-based Arcapita Bank and IndiaÆs Tanti group, the owner of Suzlon Energy, are to buy Honiton Energy through a joint venture company with a plan to invest $2 billion in wind farms in China.

The Tanti group has routed its investment through a Singapore-based special purpose vehicle, Colossus Holdings, which will own 26% of the JV. Of the remaining 64% will be owned by Arcapita and 10% will continue to be owned by Honiton's existing shareholders.

Honiton is an alternative energy provider with the rights to five properties in ChinaÆs Inner Mongolia region. In aggregate, Honiton has the potential to develop up to 1,650MW of wind power capacity, although currently it has only 50MW...
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