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China's TCL Zhonghuan Renewable Energy Technology will sign a joint venture with Saudi renewable energy company Vision Industries and a Public Investment Fund (PIF) unit. They will invest a total of roughly $2.08 billion.
TCL will own forty percent of the joint venture, PIF will own forty more, and Vision Industries will own the remaining share.
Jinko Solar, another Chinese company, intends to invest a total of $983.8 million and form its own joint venture with the same Saudi entities, sharing the same share distribution.
source: marketwatch.com
TCL will own forty percent of the joint venture, PIF will own forty more, and Vision Industries will own the remaining share.
Jinko Solar, another Chinese company, intends to invest a total of $983.8 million and form its own joint venture with the same Saudi entities, sharing the same share distribution.
source: marketwatch.com