$80m wind farm deal

Hobart Mercury
Saturday 10/2/2007 Page: 19

TASMANIAN-BASED wind power company Roaring 40's will construct an $80 million wind farm in China in a joint venture with the China Datang Corporation.

The 50 megawatt wind farm in Jilin Province takes to three the number of developments undertaken by the company in China. Roaring 40's is the developer and builder and will retain a 49 per cent share of the wind faun. It will get revenue from power sold and the Clean Development Mechanism payments under the Kyoto Protocol. Building will start soon with generation expected by the end of the year.

The Chinese company has plans to commission 2000 megawatts of wind energy by 2010 including a 1000 megawatt farm at Xiangyang, with Roaring 40's. Roaring 40's, which had revenue of more than $20 million last year, is a joint venture between Hydro Tasmania and China Light and Power.