Subscribe to our free daily newsletters
  Space Travel News  




Subscribe to our free daily newsletters



ADB backs China wind farm project

The 12-square-kilometre (4.5-square-mile) wind farm in Inner Mongolia will produce about 133 gigawatt-hours of electricity a year, and will cut China's carbon dioxide emissions by 140,000 tonnes annually, the statement said.
by Staff Writers
Manila (AFP) July 7, 2009
The Asian Development Bank is helping to finance a pioneering private-sector wind farm in China's Inner Mongolia that will help the fast-growing nation fight climate change, officials said Tuesday.

The Manila-based ADB is lending about 24 million dollars towards the overall cost of 73 million dollars for the facility, China's first wind farm to be built as a joint venture between Chinese and Japanese companies.

"The lack of finance on reasonable terms has held back the development of clean energy projects in (China)," ADB investment specialist Hisaka Kimura said in a statement.

"This project could become a model for future collaborations between state-owned enterprises and foreign investors in renewable energy projects, and may encourage (China's) private sector to invest in wind power projects."

The 12-square-kilometre (4.5-square-mile) wind farm in Inner Mongolia will produce about 133 gigawatt-hours of electricity a year, and will cut China's carbon dioxide emissions by 140,000 tonnes annually, the statement said.

The development at Chifeng City is a joint venture between the state-owned China Datang Corp. and three Japanese firms -- Kyushu Electric Power Co., Sumitomo Corp. and Sumitomo Corp. (CHINA) Holdings.

Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Wind Energy News at Wind Daily



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


NACEL Energy Announces Fifth Texas Wind Power Project
Denver CO (SPX) Jul 03, 2009
NACEL Energy has confirmed it has entered into four long term wind development rights agreements covering 1025 acres in Donley County, Texas. Leila Lakes is the Company's fifth Texas wind energy project. At project build-out, NACEL Energy anticipates 20 MW, or more, of power generation from Leila Lakes. Leila Lakes is located within electrical proximity to NACEL Energy's 10 MW Hedley Point ... read more







The content herein, unless otherwise known to be public domain, are Copyright 1995-2009 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement