On December 23, the Chinese company agreed to buy 21 percentof Portugal’s largest utility for 2.69 billion euros.
Three Gorges Corp. outbid rivals including Eon AG to gainaccess to wind and hydropower assets from Europe to the US.
The
EDP may re-merge with renewables
EDP-Energias de Portugal SA may merge with its renewable energy unit EDP Renovaveis SA in the medium term as part of China Three Gorges Corp.’s strategy for the utility, Portuguese daily Diario Economico reported.
