1. LINE

      Text:AAAPrint
      Business

      SOEs seen boosting investment in renewable projects in Australia

      1
      2016-03-23 12:57Global Times/Agencies Editor: Li Yan

      Chinese State-owned companies are expected to boost their investment in Australia's expanding renewable energy sector, attracted by a national leadership that is more favorable to the industry than its forerunner, Reuters reported on Tuesday.

      With six to eight State-owned enterprises (SOEs) already involved in or looking closely at Australian energy assets, Melbourne-based financial advisors SILC Group said more deals were coming, with a particular focus on green power.

      They would follow State Power Investment Corp's A$300 million ($230 million) buyout of a wind farm in the state of New South Wales last week, as well as its $2.5 billion purchase in December of Pacific Hydro, a company that has wind farms in Australia, Brazil and Chile.

      "There was always interest, but now there's increased interest from the Chinese," said Peter Munns, an executive director at SILC, which works with China's State-backed firms.

      "Chinese companies always like our rule of law, our currency risk and stable economy. They like renewables, they also like poles and wires because the revenue is underpinned by regulation."

      After coming to power in 2015, the government led by Prime Minister Malcolm Turnbull in December reversed a decision by the previous administration banning the country's clean energy fund from investing in wind power projects, opening the door to more deals in the sector. Former prime minister Tony Abbott had described wind farms as "ugly" and "noisy".

      Munns told Reuters in an interview last week that Chinese firms were looking for projects with long-term off-take agreements that would get them a foot in the door in Australian markets, as well as local expertise that would help them grow.

      "They don't just want to have one wind farm here, they want to have a portfolio," said Munns. "Most want to do solar as well. But they probably think that's a couple of years down the track before it's as economic and as viable as wind is."

      A unit of China Shenhua is already part operator of several wind farms in the state of Tasmania, while Beijing Jingneng Power has a stake in the Gullen Range wind farm in New South Wales. Other Chinese State-owned companies that have said they are looking at Australian energy assets including Shanghai Electric Power Co.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 亚洲国产美女精品久久久久∴| 成年午夜视频免费观看视频| 伊人久久亚洲综合影院| 亚洲综合小说另类图片动图 | 亚洲综合久久成人69| 久久久国产精品福利免费| 国产亚洲精久久久久久无码| 国产日韩AV免费无码一区二区三区| 亚洲成AV人网址| 视频一区在线免费观看| 亚洲国模精品一区| A级毛片成人网站免费看| 亚洲精品无码成人片在线观看 | 成人免费无码视频在线网站| 亚洲精品国产国语| 国产成人免费a在线资源| 全黄A免费一级毛片| 亚洲无线码在线一区观看| 久久久精品免费国产四虎| 中文字幕亚洲综合久久2| 无码区日韩特区永久免费系列| 亚洲一线产品二线产品| 亚洲成网777777国产精品| 你懂得的在线观看免费视频| 久久av无码专区亚洲av桃花岛| 美女网站免费福利视频| 日韩在线视精品在亚洲| 亚洲色欲一区二区三区在线观看| 久久国产精品一区免费下载| 91亚洲国产成人久久精品网址| 大学生高清一级毛片免费| 一区二区三区免费视频观看 | 亚洲无砖砖区免费| 日韩欧美亚洲国产精品字幕久久久 | 久久久久免费看黄A片APP| 深夜福利在线视频免费| 久久被窝电影亚洲爽爽爽| 日韩毛片免费无码无毒视频观看| 国产亚洲成在线播放va| 亚洲欧洲日韩不卡| 国产伦一区二区三区免费 |