Far East Wind Power to Acquire Stake in Guoce Wind Farms

29 March 2010 (Last Updated March 29th, 2010 18:30)

Wind farm manufacturer Far East Wind Power has unveiled plans to buy rights to wind farm projects in China undertaken by Wuhan Guoce Nordic New Energy (Guoce). The proposed projects in Jilin Province and Inner Mongolia will be acquired from Guoce to give Far East exclusive rights.

Wind farm manufacturer Far East Wind Power has unveiled plans to buy rights to wind farm projects in China undertaken by Wuhan Guoce Nordic New Energy (Guoce).

The proposed projects in Jilin Province and Inner Mongolia will be acquired from Guoce to give Far East exclusive rights.

Guoce has created a portfolio of 700MW development projects working with local, regional and national agencies and regional grid operators to gain permits and approvals for their development.

TianHe 1 Project is the most advanced-stage project of the portfolio with a proposed 50MW development. Work is scheduled to begin in April 2010.

TianHe 1 will be followed by TianHe Phase 2 for an additional 50MW later this year, subject approvals to be undertaken by Far East.

The portfolio also includes a 100MW development at the Min Ying Development Zone and a planned 500MW programme for proposed Taonan Project Phases 1 to 5.