GIC Invests in Arctic Green Energy Corporation

Posted on 07/26/2021


Singapore’s GIC Private Limited is investing US$ 240 million in Iceland’s Arctic Green Energy Corporation. Arctic Green Energy Corporation has a geothermal partnership called Sinopec Green Energy Geothermal Development with China Petroleum & Chemical Corporation (Sinopec).

Advisors
JPMorgan acted as the sole placing agent for the deal.

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