星期五, 25 7 月, 2025
Home PV News Asia China coal giant eyes Australian wind investments

China coal giant eyes Australian wind investments

Shenhua Group, China's biggest coal producer, and Hydro Tasmania could jointly invest $1.6 billion by the end of the decade to build Australian wind farms.

The Chinese company and Hydro Tasmania reached an agreement to evaluate a further 700 megawatts of wind projects, expanding their partnership on previous developments, the Australian energy company said this week. The two companies haven't identified any specific projects, Hobart-based Hydro Tasmania said in an e-mail.

Shenhua plans to increase spending in Australia to contribute to the government's program to get one fifth of its electricity from renewable energy by 2020. Australia is forecast to have $15.5 billion of investment in new wind farms in that period, according to Bloomberg New Energy Finance.

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