Celine Ge

News (Intelligence) China’s State Power Investment Corporation is considering acquiring solar assets in Hungary, two sources told Infralogic. The state-owned company is looking at a potential purchase of a close to 50 MW utility-scale solar portfolio in the east European country from a local energy company. It may comprise two solar plants located in western and eastern Hungary. The deliberations are in the early stages, according to the sources.

News (Intelligence) China Life Insurance Company is looking to commit to Brookfield Asset Management’s proposed China green fund, two sources told Infralogic. The Chinese insurer could serve as an anchor investor for the investment vehicle, which will mainly invest in renewables and other green assets in China. The size of the China green fund may reach CNY 4bn (USD 550m). The asset manager has also engaged in talks with other major institutional investors in China for the fundraising.

News (Intelligence) British renewables developer Lightsource bp is seeking to sell a stake in the 100 MW Budai solar PV project in Taiwan, according to two sources familiar. A spokesperson for Lightsource bp confirmed the transaction and said it involves a partial divestment in the project while retaining an ownership stake.