ENN Group to invest $8 billion in US clean energy sector

ENN Group, parent company of ENN Energy Holdings, has announced its plans to invest US$8 billion in providing the United States with a series of clean energy projects, according to the China Securities Journal released today.

"Sino-U.S. cooperation in energy projects is gaining pace, and there will be more investment from Chinese companies in the United States if the United States is more open in its investment policy," said ENN group chairman Wang Yusuo while attending the National Clean Energy Summit 4.0 in Las Vegas, Nevada.

The offering from the ENN Group will include both solar and algae-based energy platform technologies and will enable American consumers to take advantage of clean energy integration solutions, a spokeswoman for ENN Energy told Capital Vue.

The spokeswoman declined to comment on the China Securities Journal, yet did add that ENN Energy was actively looking for further domestic and foreign opportunities within the clean energy sector.

The development of clean energy in China is at an all time high as the country looks to mitigate the country's carbon emissions and reduce it’s over reliance on fossil fuels.