State-backed Huadian Fuxin Energy Corporation is seeking out opportunities closer to home in Southeast Asia, according to its chairman. “We are watching opportunities in nations covered by China’s belt and road initiatives, especially Southeast Asia,” said Huang Shaoxiong, chairman of Huadian Fuxin Energy, the clean energy unit of China Huadian Group. “We don’t have any specific target.” He was referring to the more than 60 nations where Beijing is fostering closer economic partnerships through infrastructure investments. These investments help the host nations speed up economic development while letting China export its capital, engineering and project management expertise. Huang said it plans to add 500MW of wind farms both this year and next. It had 7,303MW of wind capacity at the end of June 2018. Fuxin’s finance department head Zhu Feng’e said the company will issue up to 2 billion yuan of asset-backed securities backed by its accounts receivables – mainly wind power subsidies owed by the state – before year end, as part of efforts to reduce finance cost.

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South China Morning Post