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