Ushdev May Seek India Wind Farm Acquisitions to Boost Capacity

The clean-energy unit of Ushdev International Ltd., India’s third-largest non-state metal trader, may seek to acquire wind farms to boost its capacity 10-fold by 2014.

Ushdev Power Holdings Pvt. plans to invest 18 billion rupees ($400 million) to add 100 megawatts of wind energy capacity annually over the next three years, Arvind Prasad, managing director of the unit, said in an interview in Mumbai.