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EDF Trading Singapore Pte Limited, a wholly-owned subsidiary of EDF Trading, has announced its acquisition of Energy Systems International Limited (ESIL) from its joint venture shareholders Energy Systems International LLC and Pacific Millennium Investment Corporation.
ESIL is a China-based CDM project developer with a strong business portfolio of CDM projects. It has offices in Beijing and Shanghai and a well established reputation in the region.
“This is a significant transaction for EDF Trading as it will enable us to expand our presence in the carbon market as well as provide a strong platform for further development in China”, said John Rittenhouse, Chief Executive of EDF Trading.
ESIL will remain a separate legal entity which will form part of EDF Trading’s Environmental Products business and will be managed out of the company’s Singapore office. EDF Trading is one of the top buyers of carbon credits from CDM projects around the world and this acquisition consolidates its position as a leader in the global carbon market. |
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