Wednesday, July 20, 2011

China Longyuan Power enters Canadian wind market

China's largest developer of wind power projects is making its first leap into the global wind energy market through an investment in Canada. China Longyuan Power Group Co., Ltd. has signed an agreement with Ontario-based Farm Owned Power (Melancthon) Ltd. under which Longyuan will take an equity share in a 100 MW wind farm that Farm Owned Power is building in Shelburne, Ontario. Xie Changjun, general manager of Longyuan, said that Canada presented an attractive market because of its rich wind power resources and excellent supporting policies. As of the end of 2010, Longyuan had built a total of 6.56 GW of wind power capacity in China, the single largest amount in Asia and the third largest in the world, according to a report by Denmark-based consultancy BTM Consult.

Source: Climate Change Business Journal

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