Authorities in China's Fujian Province Greenlight USD545 Million Offshore Wind Farm
Yicai Global
/SOURCE : Yicai
Authorities in China's Fujian Province Greenlight USD545 Million Offshore Wind Farm

(Yicai Global) May 4 -- Fujian Provincial Development and Reform Commission has approved Fujian Sanchuan Offshore Wind Power Co.'s application to build an offshore wind farm on Putian Flat Bay, in China's southeastern coastal province of Fujian.

The 200-megawatt wind farm, with a 220-kilovolt substation, will cost CNY3.76 billion (USD545 million), the project company's controlling shareholder, Fujian Funeng Co. [SHA:600483], said yesterday.

Construction, which will take 3 years, must begin within two years of receipt of the approval or it will need to re-apply for permission.

Fujian Funeng holds a 51 percent stake in Fujian Sanchuan Offshore Wind Power.

 

 

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Keywords: Fujian , Offshore Wind Farm