Governments worldwide are turning to wind power for their energy needs to cut carbon emissions and reduce dependence on coal and crude oil.
1. Suzlon Energy Ltd., India's biggest wind-turbine maker, hired three banks ABN Amro Holding NV, ICICI Bank Ltd. and State Bank of India Ltd. to arrange a 1.3 billion euro ($1.75 billion) loan to buy a 25 percent stake in Germany's Repower Systems AG.
2. The loan will be used to refinance existing debt and to pay for the acquisition.
3. Suzlon took out a 450 million euro loan in March last year to buy wind-turbine gearbox maker Hansen transmissions International NV for 465 million euros.
How many ways can you get revenue from power without burning coal or oil?
One of the answers my friend is blowing in the wind.
[Click here for full story at: BLOOMBERG.COM]
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