IFM agrees sale of Pacific Hydro to China's SPIC
IFM Investors has agreed to sell Australia-headquartered renewable energy platform Pacific Hydro to China’s State Power Investment Corporation (SPIC).
The acquisition price was not disclosed but local media put it more than A$2 billion ($1.4 billion). Pacific Hydro has 900 megawatts of capacity across 19 hydroelectric and wind generation facilities in...
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