China Huaneng secures $2.1 billion equity boost for renewables expansion

China Huaneng Group has obtained CNY 15 billion ($2. 1 billion) in equity financing for its renewable energy subsidiary, Huaneng Renewables, from five major state-owned entities. The deal, the largest renewable equity financing transaction of 2024, will reduce financial pressures for Huaneng Renewables and support its wind and solar projects. China Huaneng Group, the country's largest state-owned energy enterprise, has signed agreements with five major state-owned entities to inject CNY 15 billion into its renewable energy subsidiary, Huaneng Renewables. The capital infusion is the largest equity ...

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