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

China

China

Ferostaal buys into Mongolian project

CHINA: German industrial services provider Ferrostaal is taking a majority stake in the 52MW Sainshand wind project in Mongolia which is slated for commissioning by end 2015 at a total investment of $120 million.

The Sainshand project is already at an advanced stage of development with a power purchase agreement and all licences in place.

Ferrostaal Industrial Projects reported it is now "creating a bridge" between local developers of the Sainshand Wind Park, and investors worldwide using its project management, financing, engineering and contracting skills.

It has already joined forces with asset management experts from sister company Ferrostaal Capital and initiated talks with international investors," said Klaus Lesker, managing director of Ferrostaal Industrial Projects.

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

Windpower Monthly Events

Search more than 4,500 companies in the Windpower Directory

Latest Jobs

[DAYS_LEFT] DAYS Subscribe Now

Left of your Windpower Monthly free trial

Your free trial Subscribe Now

to Windpower Monthly has expired