The merger of two Chinese energy giants is set to form the world’s largest wind developer – and the planet’s biggest power group by overall capacity – in what could be the start of a round of Beijing-inspired consolidation that will create other huge players in the market.
The new mega-group will be China Energy Investment Corp. (CEIC), the result of a merger plan already approved by China’s State Council to act as the new parent company for the interests of existing state-controlled heavyweights Shenhua and Guodian.
