News Brief | September 2013
Reliance Capital to Invest Rs100 cr in Wind Power Joint Venture
Reliance Capital is investing Rs 100 crore in a wind energy joint venture in the country, partnering with China's Ming Yang Wind Power Group. Ming Yang entered into an agreement with Reliance Capital last year to establish a joint venture by subscribing to a significant stake in the share capital of Global Wind Power Ltd ( GWPL), a leading wind power solutions provider in India. Giving an update on this partnership, Reliance Capital Chairman Anil Ambani said that the agreement would be closed soon and an investment of Rs 100 crore would be made. Ming Yang had also signed a MoU with Reliance Power to co-develop a large portfolio of clean energy projects in India.