Morgan Stanley (NYSE:à‚ MS) is making its largest foreign investment in China‘s renewable energy sector to date, through investing in Zhaoeheng Hydropower.
The company heads up a consortium which is investing $300m.
“Zhaoheng operates in China’s fast-growing renewable energy sector where there is tremendous potential for growth,” said James Chern, executive director of Morgan Stanley Infrastructure Partners.
“Our plan is to be a long-term investor and help Zhaoheng’s capacity grow to 1 GW in the next two years.”
Zhaoheng is China’s largest small hydropower focused operator, with more than 30 hydropower plants in seven provinces totaling more than 650 MW of installed capacity.
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