Shenyang Power tabs Chinese firm for Texas wind farm

Shenyang Power Group (SPG) says it intends to subcontract a major part of the proposed 615MW Spinning Star wind farm in Texas to China Machinery Engineering Corp. (CMEC), and both firms will partner to raise $260m in debt financing for the project.

The two sides signed a letter of intent covering those issues on 15 April. Based in Beijing, CMEC is an international engineering and contracting company. It was founded in 1978.

“The aim of this planned arrangement between the parties is to assist SPG in securing from Chinese sources approximately 14% of the debt financing that is anticipated to be required to develop the project, as well as to find a suitable engineering, procurement and construction contractor for the Texas wind farm,” according to a statement issued by the companies.

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