China’s SPIC nets Pacific Hydro assets

China’s SPIC nets Pacific Hydro assets

Brazil Chile China M&A Australia

China State Power Investment Corporation (SPIC) has bought assets in Brazil and Chile from Australian renewables firm Pacific Hydro, beating offers from France’s Engie, Spain’s Gas Natural and Canadian electricity firm TransAlta. The Chinese company edged out others after earmarking opportunities to develop a further 600MW of hydro projects and a potential wind facility in Latin America, an M&A source told LatinFinance. The auction process generated interest from several global companie

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial