Utility Investors: Andrew Shepherd and Bmi Research

utility investors: They're happy to invest wherever they see value or they can gain a foothold, said Andrew Shepherd, who follows the global utility industry for BMI Research, according to The Japan Times. Flush with cash and willing to tolerate risks that put off older rivals, CTG and other state-owned utilities including State Grid Corp., the world's biggest power supplier, are expanding abroad in search of new revenue sources as economic growth and electricity demand at home cool. State-owned China Three Gorges Group is spending heavily to buy or build hydro, wind and solar projects at a time when Western utility investors are pulling back and President-elect Donald Trump's pledge to revive coal use has raised doubt about U.S. support for renewables. A decade ago, they built dams and power plants in Asia and Africa. They are providing welcome investment in troubled markets such as Brazil and southern Europe. Now they also are taking on a longer-term role as operators of power companies in Europe and Australia and are looking at the U.S. market. (news.financializer.com). As reported in the news.