Zhuhai Port breezes into wind power business

Guangzhou: Zhuhai Port Holdings announced that it has entered an equity transfer agreement with three private shareholders of Zhejiang Kexiao Windpower Investment and Development Co to acquire 51% equity in the company for RMB76.5m.

Kexiao Windpower is currently developing a wind power project in Taizhou of Zhejiang with a total investment of RMB467m, and plans to install twenty-four 2000kw wind turbines and one 1500kw wind turbine.

Zhuhai Port said clean energy is the future development direction of the global energy sector, and the investment fits the company’s development strategy. [01/04/14]

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