Artic Green Energy raises $150 mln
Summary
A large portion comes from burning fossil fuels for heating and cooling causing fast escalating air pollution and deteriorating public health. Mr Haukur Harðarson, chairman and founder of Arctic Green Energy, will remain the company‘s majority shareholder, with CITIC Capital and China Everbright holding significant minority stakes. “We have been working with Arctic Green Energy for three years now, and this milestone in the company‘s development confirms all of the accomplishments it has achieved so far in implementing geothermal technology in China and abroad.“ says Mr. Fanglu Wang, Senior Managing Partner for CITIC Capital. We look forward to our continued partnership and to further enhance AGE’s development in China.” Mr. Henry Tao, Head of Capital Investment & Financing, China Everbright Limited. A large portion comes from burning fossil fuels for heating and cooling causing fast escalating air pollution and deteriorating public health.