CLP to acquire 50% interest in China WindPower subsidiary

Popular Articles

WoREA Media Partnerships
WoREA Media Partnerships
If you are interested in becoming a Media Partner with WoREA, please use the email link below. A member of our team will be in touch to discuss your event.

Hong Kong-based power utility CLP Holdings has announced that it will acquire a 50% equity interest in a wholly owned subsidiary of China WindPower Group for HKD101.3 million

The new joint venture, CLP-CWP Wind Power Investment, will own 49% of two wind projects in Fuxin City of China’s Liaoning Province. The wind farm facilities are expected to have a combined installed capacity of 99MW (49.5MW each) and to be completed in 2009.

The new joint venture also has rights to participate in all existing and future wind farm projects located in Liaoning and Heilongjiang provinces where the China WindPower Group (CWP) or its affiliates have development rights.

Liu Shunxing, CEO of CWP, said: “This transaction would provide an opportunity for CWP and CLP to develop jointly certain wind power projects in the Mainland. The expertise and experience of CLP in the electricity industry would further strengthen and broaden CWP’s business development in the wind power industry.”

Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall
not be liable for errors or delays in the content, or for any actions taken in reliance thereon.

- Advertisement -

More articles

Latest articles

- Advertisement -