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Arcapita Bank has entered China with a $2 billion investment to develop a 1,650mw portfolio of wind farms in the Inner Mongolia region.
The bank said it has formed a joint venture with Colossus Holdings, a Singapore-based holding company of the Tanti group, the multi-billion Indian conglomerate.
Arcapita's chief executive officer Atif Abdulmalik said: "We have previously built expertise in this sector, which we are very pleased to be extending through this partnership with the Tanti group.
"We believe this is another high-quality investment opportunity in Asia, where we have now done seven transactions, six of which have been completed within the last 12 months. The total transaction value of our Asian portfolio is more than $5 billion."
