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AES and Sinovel (Could be big news?)      6-Nov-09 09:29 am    
I'm pretty sure I saw something recently about AES partnering with Sinovel... and now take a look at this! It seems AES is making a big move into wind.

ARLINGTON, Va.--(BUSINESS WIRE)--The AES Corporation (NYSE: AES - News) today announced a binding stock purchase agreement with a wholly-owned investment subsidiary of China Investment Corporation (CIC) to raise $1.58 billion of new equity to fund growth opportunities and extend its global leadership in the power sector. At close, CIC will acquire 125.5 million shares of AES stock for $12.60 per share for an approximate 15 percent stake in the company. AES also announced the signing of a letter of intent with CIC to raise an additional $571 million of equity for an approximate 35 percent interest in its wind generation business.
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pressthebet

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  Subject Author Rating Time of Post (ET)  
 
AES and Sinovel (Could be big news?)
pressthebet (2 Ratings) 6-Nov-09 09:29 am  
 
Yep, here it is from Sinovel's website: Note: 6...
pressthebet 6-Nov-09 09:33 am  
 
Very interesting. I wonder why the Brookings...
greentechse... Rate it 6-Nov-09 08:52 pm  
 
AES is a big fish, a really big fish. I...
pressthebet Rate it 7-Nov-09 08:29 am  
 
more color on AES / China: ...
pressthebet Rate it 9-Nov-09 11:24 am  
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American Superconductor Corporation (AMSC)

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