Mumbai (PRWEB) December 02, 2014
AT Holdings Pte Ltd, a Singapore based US$2.5bn investment fund, is expanding its renewable energy portfolio by investing an additional US$40 million in the Orange Group, headquartered in New Delhi, India.
The companies within the Orange Group are wholly owned Indian subsidiaries of AT Holdings, focused on the Indian renewable energy space namely biomass, wind and solar energy projects.
The Orange Group currently has an operating wind energy portfolio of 105 MW and another 170 MW of wind power projects at an advanced stage of development across the states of Rajasthan, Madhya Pradesh and Maharashtra. In addition, the Orange Group has a pipeline of over 600 MW of greenfield wind power projects at various stages of development. The group also operates two 10 MW biomass power projects in Karnataka.
The Orange Group plans to become one of the leading renewable energy companies in India and is targeting 1,000 MW of power generation capacity by 2017.
India has considerable potential for harnessing sustainable power as it is endowed with significant renewable energy resources. It possesses the natural resources and the right geographic and climatic conditions necessary to support significant wind and solar technology projects.
AT Holdings is optimistic about the Indian renewable energy sector and will continue to support the Orange Group in its vision to become a key player in the Indian renewable energy space.
AT Holdings, which is promoted by Mr. Arvind Tiku, has a 20 year track record of building successful businesses in renewable energy, residential and commercial real estate, hospitality, natural resources and engineering and construction.
If you require any further information please contact Deepak Mawandia at AT Capital at the following address: invest(at)atcapital(dot)com(dot)sg.