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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

State funding fuels China’s global push in wind, sun

Posted on 23 December 2009

From Moneycontrol.com: China’s USD 300 billion sovereign wealth fund, China Investment Corp (CIC), is helping to bolster the alternate energy industry.

In the last several months, the fund has pumped about USD 1.1 billion into the sector, buying stakes in solar firm GCL-Poly Energy, the world’s No.3 polysilicon company by capacity, and China Longyuan, the world’s fifth-largest wind power company………………………………….Full Article: Source

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