Nov 10, 2014 - Chinese utility China Power Investment Corp will invest over CNY 804 million (USD 131.5m/EUR 106m) in two wind projects of 96 MW in total in Shandong province, Binzhou Media Network said Friday.
Each of the two wind farms will use 24 units of 2-MW turbines. A unit of the state-owned company based in the province and the local authorities are currently carrying out preparatory works at the sites, according to the report.
The first project, situated at Wendianzhen, Yangxin, is estimated to require a total investment of CNY 412 million, Binzhou Media Network reported. It is expected to generate approximately 91.6 GWh of electricity per year, which will save 29,398 tonnes of standard coal and will offset 70,080 tonnes of carbon emissions annually.
The other wind farm, in Binzhou city, is valued at CNY 392.4 million. Its annual output will be around 90.8 GWh, which will save 29,150 tonnes of standard coal and will offset 70,579 tonnes of carbon emissions per year.
China Power Investment designs, builds and operates hydro, thermal and nuclear power plants in China. It also produces coal and aluminum and is engaged in railway transportation and port activities.
(CNY 1.0 = USD 0.164/EUR 0.132)
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