Caixin OnlineOpinionCommentaries A Chinese Investment Left Twisting in the Wind
09.17.2012 18:00

A Chinese Investment Left Twisting in the Wind

A wind power company controlled by Sany executives sought an acquisition in the United States, but has ended up suing a key national security panel, a development Chinese firms should note
By John Zhang
a

(Beijing) – A U.S.-based company owned by senior executives of Chinese heavy equipment maker Sany Group Co. has sued a U.S. national security panel led by Treasury Secretary Timothy Geithner for, it says, unreasonably barring the company's investment in wind farms.

Ralls Corp., a Delaware-registered company controlled by Sany vice presidents Duan Dawei and Wu Jiadong, sought to develop wind power projects in the United States. In March, the company acquired four wind farms in the U.S. state of Oregon with a combined power generation capacity of 40 million watts.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
Sign up to receive our free daily newsletter
Latest Issue
On the Cover:

Ammonia in the Haze

Farms and cars are contributing to rising levels of ammonia gas in the country, but the impact on air pollution is still hazy


Issue 82
October, 2014

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
Ammonia in the Haze
Farms and cars are contributing to rising levels of ammonia gas in the country, but the impact on air pollution is still hazy
Issue 82
10.01.2014

Subscribe       |       Newsletter        |        FAQ