Suzlon looks to buy all of REpower
"We are working toward it," Robin Banerjee said at the Reuters India Investment Summit in Mumbai, adding that Suzlon had no plans to sell a stake in REpower.
Media had earlier said that Suzlon might sell up to 25 percent in REpower for $500 million.
Suzlon Energy, which holds 91 percent of REpower, is the world's third-largest wind turbine maker behind Denmark's Vestas and Spain's Gamesa.
Banerjee said Suzlon would like to grow its revenue from China by 40 to 50 percent, driven by strong demand for renewable energy.
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PUERTO RICO - Nearly six months after Hurricane Maria decimated Puerto Rico, the island's electricity has been restored to 75 percent capacity, according to its utility company.
The Puerto Rico Electric Power Authority said Sunday that 75.35 percent of customers now have electricity. It added that 90.8 percent of the electrical grid, already anemic even before the Sept. 20 storm barrelled through the island, is generating power again.
Thousands of power restoration personnel made up of the Puerto Rico Electric Power Authority (PREPA), the Federal Emergency Management Agency (FEMA), industry workers from the mainland, and the Army Corps of Engineers have made…
