London Asia in China clean-energy buys

The Aim-listed China fund buys into a wind farm investor and carbon credit specialist.
London Asia Chinese Private Equity Fund æLACPEFÆ has continued its acquisition spree in the region. LACPEF was listed on LondonÆs Alternative Investment Market in March 2006 and raised ú50 million, which is now being invested in local companies.

An investment of $5.85 million has been made for a 12% stake in Asia Wind Group, which is in the course of acquiring minority stakes in wind farms in Asia as well as manufacturers of wind turbines and components. The majority of ChinaÆs power is currently sourced from coal. The Chinese government is trying to find other methods, and is looking into nuclear power, hydroelectric power and alternative sources such as wind and solar power.

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