Japan’s ORIX seeks India solar play with SUN Group

Japanese financial services firm ORIX Corp. is among a raft of overseas firms interested in leveraging India’s growing green economy.

ORIX, which is no stranger to India, will set up a joint venture firm with SUN Renewables for setting up distributed generation solar power projects, Uday Khemka-promoted SUN Group said in a statement on Tuesday.

ORIX, one of the world’s largest diversified financial services groups based in Japan, has been a significant shareholder in IL&FS since 1993.

It also has a joint venture with IL&FS to set up wind energy projects in India and has invested 49% of the equity in the wind platform. Read more…