China nuclear giant in RE pact

FILE - In this Dec. 17, 2010 file photo, workers cycle past a power plant on a tricycle cart in Changchun, in northeast China's Jilin province. Chinese scientists have mastered the technology for reprocessing fuel from nuclear power plants, potentially boosting the supplies of carbon-free electricity to keep the country's economy booming, state television reported Monday, Jan. 3, 2011. (AP Photo/File) CHINA OUT

CNNC is a big force in China's civil and military nuclear sectors

Renewables developer China Wind Power (CWP) says it has signed a co-operation deal to build 700MW of wind and solar plants with Chinese nuclear giant CNNC.

Hong Kong-listed CWP told investors it will co-invest in and construct wind and solar projects in China in conjunction with CNNC Rich Energy.

CWP’s new partner is a wholly-owned subsidiary of CNNC (China National Nuclear Corporation), China’s state nuclear organisation, which lists developing the nation's atom and hydrogen bombs among its achievements on its website.

CWP said the two will target 100MW of projects this year, and 500MW of wind and 200MW of solar projects by 2015.

The move would appear to signal a greater interest in renewable energy by Log in to read complete article.

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