Joint venture plans to invest $6.3B in Australia's renewables market

04/19/2011 | Bloomberg

A joint venture involving Australia-based CBD Energy, China Datang Renewable Power and Baoding Tianwei Baobian Electric is planning to invest up to $6.3 billion over eight years in renewables projects in Australia. AusChina Energy Group is seeks 33% of Australia's renewable-energy market by developing wind, solar-thermal and energy-storage facilities, according to documents submitted to the Australian Stock Exchange.

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