As China’s appetite for energy increases, so does its desire for sources that will alleviate a traditional reliance on foreign oil. Vanessa Ip reports on the quest for alternative energies

The world’s largest energy consumer’s reliance on foreign oil resources continues to increase at a rapid pace, prompting an acceleration in its global quest for sustainable, reliable and affordable energy. In 2016, it is predicted that China’s energy consumption will increase alongside higher demand for non-fossil fuels.

“In comparison to the traditional energy sector, Chinese capital has clearly shown much greater interest in renewable energy assets globally,” says Xiong Jin, an international partner at King & Wood Mallesons (KWM) in Beijing. “They are looking for good assets in major jurisdictions such as Australia, Europe, North America and South America. The recent acquisition by State Power Investment Corporation (SPIC) of Pacific Hydro is a telling case. These Chinese investors are looking for new growth opportunities overseas.”

Power hungry-Leslie Zhang

China is the world’s largest investor in clean energy. But Leslie Zhang, an experienced corporate counsel, believes that despite major strides in renewable energy development and investment, Chinese state-owned oil companies have reduced outbound investment in the clean arena due, in part, to low oil prices and the central government’s tightening supervisions on state-owned enterprises.

You must be a subscriber to read this content, or you can register for free to enjoy the current issue.

该部分内容仅提供予《商法》订阅会员。你可以订阅去解锁所有内容。你也可以免费注册去浏览最新一期的内容。

Practitioner’s perspectives
Wang Jihong is a partner at Zhong Lun Law Firm PP
Chinese energy in the midst of intensive adjustment?
Wang Jihong, Zhong Lun Law Firm
William Greenlee is partner and managing director at DFDL Myanmar PP
Legal wheels turn for foreign investors in Myanmar
William Greenlee, DFDL Myanmar
Gilles Athaw is director at C&A Law in Mauritius PP
Investment opportunities in Mauritius and through the island in Africa
Gilles Athaw, C&A Law in Mauritius