OPINION: An expansionist State Grid could be good news

State Grid’s A$500m ($523m) acquisition of a 41% stake in Australian transmission company ElectraNet is proof that, although the process is not as fast as some had predicted, the Chinese are coming.

State Grid, like many other big, aggressive grid operators, has decided to move beyond its national market to take advantage of higher returns.

It now has a presence in Brazil, Venezuela and the Philippines, and earlier this year it paid $485m for a 25% stake in Portugal’s national grid company, Redes Energéticas Nacionais (REN). It is also reported to have had a bid for a stake in Spanish grid operator REE turned down by regulators because of rules that limit the amount of shares that can be owned by any single private Log in to read complete article.

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