RSS
Home
China to finance $1.5 billion wind farm in Texas
Print
Email
RSS
Subscribe
Horse Hollow Wind Farm in Texas
The U.S Renewable Energy Group and Cielo Wind Power LP announced today that they have entered into a joint venture with China’s Shenyang Power Group to develop a 600 MW wind farm in Texas.
“The 600 MW wind farm project, if completed according to plan, would demonstrate for the first time Chinese capital and manufacturing and engineering expertise exported to the United States – the world’s largest wind power country – and how the two countries can share both the risk and the benefits in a huge wind power project”, said the city of Shenyang Vice Mayor Yang Yazhou.
According to the agreement, commercial banks in China are expected to finance the $1.5 billion project through Shenyang Power Group (SPG). The SPG is a local power industry alliance formed earlier this year under the leadership of A-Power, China’s leading provider of distributed power generation systems and a fast-growing manufacturer of wind turbines.
A-Power will supply the 240 wind turbines needed to run the new facility.
| You can also follow Caroline on Twitter. |
Related Articles:
Comments
