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China Buys Into Mexico’s Emerging Renewable Energy Sector

A Chinese energy giant has bought the biggest independent producer of renewable energy in Mexico, giving the industry a vote of confidence even as Mexico’s authorities have moved to slow down private investment in renewable energy in the country. State Power Investment Corp (SPIC) of China, which has more than US$170 billion in energy assets globally, including in solar, wind, and hydrogen power in South America, has acquired Mexico’s leading independent renewables firm Zuma Energia, a spokesman for the Mexican company told Bloomberg…

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