CNNC, Zhejiang Zheneng Electric Power, Sichuan Chuantou Energy and CLAMC completed the $1.1bn investment in CNNP Rich Energy.

Synopsis

CNNC, Zhejiang Zheneng Electric Power, Sichuan Chuantou Energy and CLAMC completed the $1.1bn investment in CNNP Rich Energy, a Chinese renewable energy company focusing on the R&D of non-nuclear clean energy including wind, solar and biomass power. CNNP Rich Energy wants to increase its competitiveness through the capital increase.

Principals

target

Cnnp Rich Energy

bidder

China National Nuclear Corporation (cnnc)

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