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12/22/08

Cleantech Group: Econcern partners on €863M Chinese wind farm deal

For the complete report from the Cleantech Group click on this link

Econcern partners on €863M Chinese wind farm deal

Netherlands-based Econcern has announced a partnership with subsidiaries of China National Offshore Oil and Sinohydro to invest €863 million ($1.1 billion) to build onshore wind farms in China. The four wind farms are expected to have a capacity of 720 megawatts. Construction is slated to begin in 2009. Econcern is partnering on three wind farms with CNOOC New Energy, a subsidiary of Beijing-based China National Offshore Oil New Energy, one of the largest state-owned oil giants in China.

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