Portugal

Portugal

Portugal presses CTG over projected Goldwind plant

PORTUGAL: The Portuguese government is pressing China Three Gorges Corporation (CTG), the principal shareholder in electricity generating giant EDP, to provide clarification this month about plans by its part-owned subsidiary Goldwind to build a wind turbine factory in Portugal.

A Goldwind 2.5MW turbine
A Goldwind 2.5MW turbine

CTG "raised expectations about investment, namely the installation of an industrial wind turbine unit", when it presented its successful bid for the government's 21% stake in EDP in 2011, the Portuguese environment ministry told Windpower Monthly today.

In 2011, Goldwind publicly announced its intention to build a manufacturing plant in Portugal capable of producing 800 units per year for the export market. However, Goldwind sources later denied to WPM that such plans existed.

CTG president Cao Guangjing yesterday told Portuguese journalists attending a meeting in Beijing between EDP's Portuguese suppliers and Chinese firms that CTG had delayed the plans because of current market conditions and the plan had not been cancelled.

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