IL&FS has announced that Japan-based financial services Group ORIX Corp has set up a joint venture for renewable energy projects in India. The partnership is also targeted to implement 2,000 mw of solar power generation. ORIX has invested 49 per cent of the equity of the wind platform of IL&FS aggregating to 1,004 mw, of which 775 mw is operational, and the balance is under construction.
