US technology giant Apple’s (NASDAQ:AAPL) wind power plans for China include co-investments in projects with a combined capacity of 285 MW, its Chinese partner Xinjiang Goldwind Science & Technology (HKG:2208) revealed today.
Wind turbine manufacturer Goldwind announced its alliance with the iPhone and iPad maker a couple of days ago, saying that Apple will buy 30% stakes in four wind project companies.
Today, Goldwind said that the partnership between its wholly-owned unit Beijing Tianrun New Energy Investment Co Ltd and a subsidiary of Apple needs to be cleared by China’s Ministry of Commerce and the local Business Bureau.
In its previous statement, Goldwind said that the firms in which Apple plans to invest are: Nanyang Runtang New Energy Co Ltd in Henan Province; Zibo Runchuan New Energy Co Ltd in Shandong Province; Shuozhou Pinglu Sineng Wind Power Co Ltd in Shanxi Province; and Qiaojia Tianqiao Wind Power Co Ltd in Yunnan Province. All four of them will be operated as cooperative joint ventures following the transactions.
The parties will consider other opportunities to collaborate, including with respect to the direct supply and purchase of green power by Apple’s manufacturing partners, Goldwind said.
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