Attempt to buy is consistent with strategy to snap up clean energy producers abroad

China Three Gorges Corp and SDIC Power Holdings Co are among companies bidding for Canadian renewable energy producer Northland Power Inc, according to people familiar with the matter.

First-round bids for the Toronto-based company, which has a market value of C$3.7 billion ($2.8 billion), were due on Dec 2, said the people, who asked not to be identified because the matter is private. Some Canadian pension funds also had a look at the company but balked at its valuation ahead of the bid deadline, the people said.