Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

China

China

Longyuan hits North American market with Canadian deal

CANADA: China's state-owned wind-power developer China Longyuan has made its first move outside its domestic market and acquired a share of a Canadian wind farm.

Longyuan signs the deal with Farm Owned Power
Longyuan signs the deal with Farm Owned Power

Under the agreement, Longyuan Canada Renewables will purchase stocks of a 100MW wind farm from Farm Owned Power (Melancthon) in Ontario.

Longyuan was unable to give details of the size of the stake, but said it would be a major shareholder in the 100MW wind farm.

The company said the project will be completed in about two years, but did not elaborate the exact start-time.

There was no indication who the turbine supplier would be. Industry insiders say the turbines will come from western major turbine manufacturers.

Earlier this year, Longyuan signed a worldwide supply agreement with Gamesa to develop projects in North America, Europe and Latin America.

The deal is the first wind-power project one of China’s state-owned power companies has in overseas.

For more, see the upcoming August issue of Windpower Monthly

 

 Subscribe to Windpower Monthly's daily bulletin, Windpower Daily.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Only [DAYS_LEFT] days Subscribe Now

Left of your Windpower Monthly free trial

Your free trial Subscribe Now

to Windpower Monthly has expired

Windpower Monthly Events

Search more than 4,500 companies in the Windpower Directory

Latest Jobs