“The prices in the US are not so attractive now, so we are having second thoughts. But from the long-term perspective, you need to have a place in this market,” adds Long.
Financial muscle is helping propel XEMC’s overseas expansion
XEMC Windpower vice-president Long Xin tells Recharge that equity for the New Jersey project would come from XEMC New Energy. The subsidiary of XEMC Group was set up two years ago to invest in projects and is backed by registered capital of 1.68bn yuan ($267m).
17 February 2012 10:44 GMT
Updated
26 November 2012 5:59 GMT
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