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China's Envision subsidiaries raise $600m in green push

Energy giant earmarks investment for carbon neutrality worldwide

A wind turbine stands along the Yellow Sea in China. Energy major Envision Group is pushing for a "new industrial revolution" through a transition to renewable energy.   © Reuters

SHANGHAI -- Envision Energy and Envision AESC, the two subsidiaries of energy major Envision Group, have together raised over $600 million in a strategic investment.

Primavera Capital, a China-based global private equity investment firm that manages yuan-denominated and U.S. dollar funds, was the sole investor in the round.

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