Germany's PNE loses bid for Vietnam wind project, in new blow to foreign investors
Real Estate
HANOI, Feb 6 : Vietnam's authorities selected a newly created subsidiary of real estate conglomerate Vingroup to develop the first phase of one of the country's largest wind power projects, excluding Morgan Stanley-backed German renewable firm PNE which said the decision came as a surprise. It is the latest setback for foreign investors in Vietnam's energy sector, after Hanoi last year retroactively cut subsidies for several renewable companies. Diverging views over electricity prices and
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