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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

China’s foreign investments may target the greentech sector

Posted on 17 June 2009

From Glgroup.com: China Investment Corporation’s (CIC) reported intention in buying up to 5% of Italy’s largest power utility ENEL for $1.4 billion came at no surprise as China has been known to target the energy sector as a priority in its foreign investment strategy.
What makes the news interesting is Stampa’s comment on CIC’s interest in a significant stake of ENEL’s Green Power renewable energy unit. Does that mean CIC would shift its focus to greentech investments? How would the clean energy sector benefit from CIC’s investment strategy?…….Full Article: Source


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