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Shanghai Electric and Siemens (SI) plan to invest €169M ($226M) in two wind energy joint...

Shanghai Electric and Siemens (SI) plan to invest €169M ($226M) in two wind energy joint ventures in deals that will allow technology from Siemens to help design wind turbines and sell wind equipment. Shanghair Electric will be a 51% owner of each company under the terms of the agreements. Shares of Shanghai Electric are down 2.6% in HK trading, Siemens +3.1% premarket.
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Comments (1)
  • Dr. V
    , contributor
    Comments (1179) | Send Message
     
    Typical SIEMENS deal in China.

     

    China pays for the first 2 projects in return for the technical drawings, just like the high speed rail.

     

    Duh
    12 Dec 2011, 08:32 AM Reply Like
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