HydroTasmania 700MW China pact

Shenhua has already invested in the Woolnorth wind farm

Shenhua has already invested in the Woolnorth wind farm

Australia’s HydroTasmania has strengthened its links with power group Shenhua by signing a co-operation agreement with the Chinese company – already an investor in several of its major wind projects.

The Australian group says the two partners hope to develop, build and operate a further 700MW of wind farms in Australia by 2020, investing about A$1.6bn ($1.7bn).

Shenhua – a unit of Beijing-based Guohua Energy Investment, which is in turn part of the world’s largest coal company, state-owned Shenhua Group – has already invested in HydroTasmania’s Musselroe and Woolnorth wind farms.

The Chinese group owns 75% of the wind projects, which total about 300MW between them, with HydroTasmania holding the remainder and operating the plants.

Guohua operates about 4GW of wind Log in to read complete article.

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