Morgan Stanley takes big punt on Chinese hydropower

Morgan Stanley (NYSEMS) 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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