CIC-AES JV out of wind
PRC SWF the China Investment Corporation (CIC) has jointly announced with $14 billion Virginia-headquartered global power giant AES Corp. that their non-binding letter of intent for CIC to take a 35% stake in AES Wind Generation expired at the end of last month without result.
This deal is now no longer expected to proceed. The sticking point was apparently a lack of clarity regarding renewable energy legislation in the US. However, discussions may resume at a later point. ...
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