- Services
- Solutions
- Cleantech Forum events
- Jobs
- About us
Econcern partners on €863M Chinese wind farm deal
December 3, 2008
print
reprintNetherlands-based Econcern has announced a partnership with subsidiaries of China National Offshore Oil and Sinohydro to invest €863 million ($1.1 billion) to build onshore wind farms in China.
The four wind farms are expected to have a capacity of 720 megawatts. Construction is slated to begin in 2009.
Econcern is partnering on three wind farms with CNOOC New Energy, a subsidiary of Beijing-based China National Offshore Oil New Energy, one of the largest state-owned oil giants in China.
The fourth wind farm is being co-developed with Sinohydro Renewable Energy, a wholly owned subsidiary of the state-owned enterprise Sinohydro, which is the largest company in the water conservancy and hydropower construction industry in China.
China has the world’s fastest-growing wind-energy market and is expected to become the biggest manufacturer of wind energy equipment by the end of 2009, according to a recent report by the Global Wind Energy Council and Greenpeace International (see China drives global market, supply for wind).
China had 5.9 gigawatts of installed wind capacity at the end of 2007, representing installation growth of 145 percent over 2006.
"Traditional energy suppliers focus on conventional models and solutions, but this is no longer sustainable in any sense," said Econcern Chairman Ad van Wijk in a release. "Sustainable energy is the only long term viable option."
Econcern is the holding company of Ecofys, Evelop, Ecostream and Ecoventures. Evelop annnounced plans last year for an offshore wind farm off the Dutch coast (see Evelop and Ballast Nedam to build Dutch offshore wind farm).
Coverage brought to you by
Cleantech developments making news in the past 24 hours
View the last week of cleantech developments here | Subscribe to full feed 
Comments
We have to look at "the big
Submitted on December 3rd, 2008 by kaci (not verified)We have to look at "the big picture." Our days of tunnel vision need to cease. Our nation better wake up and smell the coffee. With all our bail outs along with the 168 billion economic stimulus package, that btw did nothing for our economy it is hard to understand why our government can't see the need to bail us out of our dependence on foreign oil. The high cost of fuel this past year seriously damaged our economy and society. Why don't we invest in America's Energy Independence. It would cost the equivalent of 60 cents per gallon to charge and drive. The electricity used to charge the car could conceivably be generated by solar or wind. Why not invest some of these millions in getting some of these projects set up? Create clean cheap energy, badly needed new green collar jobs and reduce our dependence on foreign oil. What more of a win-win situation could there be? Now there is talk of another stimulus pkg. Don't get me wrong, if you hand me a check I will take it. I am broke from this past year myself. I just think we are going about this all wrong. I just read a fascinating book by Jeff Wilson called The Manhattan Project of 2009 Energy Independence NOW. We need to look at the "big picture"
Post new comment