- Category: Asia
23 May 2012
- Published on Wednesday, 23 May 2012 11:55
- Hits (937)
A new wind power project in China’s Guangdong province will be acquiring a number of wind turbines from Danish wind turbine manufacturer Vestas, after the latter signed a sales contract with project proponent Guangdong Yueneng Wind Energy.
The European Investment Bank-funded project will be receiving 25 wind turbines worth 49.4 megawatts from Vestas. The turbines are expected to be installed in the third quarter of the year.
Vestas will provide installation supervision and commissioning, a Vestas Scada system and a two-year service and maintenance agreement.
Chinese renewable energy projects have been seeking financing from outside China due to local banks only being able to lend limited funds under political directions set by the government.
International banks, however, have strict standards with wind turbines in terms of the return on investment as well as having international certifications.