News

Power Utility

Staff Reporter

, China

Published:

14 years ago

CWP forges alliance with government investor

China Wind Power and Jiangsu Guoxin Investment Group will set up a joint venture to develop offshore wind power.

According to the strategic alliance forged in Nanjing, both parties will also develop long-term cooperation based on the existing wind power projects and resources. They will also capitalise on their respective strengths in renewable energy field including wind and solar power.

Jiangsu Guoxin Investment Group Limited is a large-scale state-owned enterprise and the authorised government investor with total assets of US$8.8 billion. Under substantial support of the government, they have already invested in several large power projects and try to build an energy industry platform focused on electric power.

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