Chinese coal major acquires Greek wind turbines
State-owned Chinese Shenhua will take over the majority of the shares in four Greek wind farms and team up with the developer for new renewable energy projects in wind and solar.
One of the world's largest energy companies and coal producers, China's Shenhua, has announced an acquisition which falls outside of the company's usual geographic and technological domain. A subsidiary of Shenhua has decided to buy 75 percent of the shares in four wind farms, on which Greek developer Copelouzos owns the rights, states Copelouzus Group.
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