China, Japan Drive Africa Renewable Investment
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Chinese power companies and Japanese trading houses are emerging as major financiers of African renewable energy projects, which saw investment quadruple to $9.3 billion last year, Baker & McKenzie LLP said.
“Asian investors are increasingly targeting African renewable energy projects,” attracted by better returns and strong wind and solar resources on the continent, the Chicago-based law firm said in report today based on a global survey of 140 industry executives.