Zhaoheng will use the funds to acquire hydropower plants and boost its operating capacity to over 1GW over the next two years, reported Bloomberg. Its current capacity is 650MW.
The three partners invested $150m in December 2010 in Zhaoheng, Morgan Stanley Infrastructure Fund’s first Chinese investment.
China is working towards increasing its non-fossil fuel energy generation portfolio to 15% by 2020, unleashing a vast potential for global investors to tap into.
The expansion of energy generation from non-fossil sources is expected to reduce carbon emissions per unit of GDP by 45%.
