The sale, valued at $85.5m, includes a 49% stake in each of the four wind farms jointly owned by AES with China’s Guohua Energy Investment, as well as a 25% stake in a coal-fired power plant.
AES was the first US power company to enter China, moving into the market in the early 1990s. The wind farms were a relatively new business, with the first starting operations in 2008.
However
