AES Expands Wind Operations in China

The AES Corporation has announced a substantial increase in its China-based wind power operations through two new agreements with Guohua Energy Investment Co. Ltd., one of China’s largest wind power developers.

AES has acquired 49 percent of the Guohua Hulunbeier Wind Farm, which began commercial operation in September 2007 in Inner Mongolia, China. The wind farm currently has a capacity of 49.5 megawatts (MW). This acquisition is AES’s second wind power project with Guohua.

AES also reached a separate agreement with Guohua to proceed with construction of phase II of their jointly-owned Huanghua wind project in Hebei Province. The expansion will add another 49.5 MW, doubling the operating capacity of Huanghua to 99 MW when construction is completed in 2010. Phase I of the Huanghua project is currently under construction with commercial operation expected in late 2009. Construction on phase II will begin after construction is completed on phase I.

“The acquisition of the Hulunbeier Wind Farm and extension of the Huanghua Project are part of AES’s continued expansion of its wind power business in China,” said Tom Kunde, president of AES China. “We see a tremendous opportunity for further growth for AES in China. Together with Guohua, a leader in China’s renewable energy field, AES is helping China meet its commitment to generate 30,000 MW of wind power by 2020.”

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