Poznan, Poland [RenewableEnergyWorld.com] Econcern has announced agreements that will see €863 million [US $1.1 billion] invested in more than 720 megawatts (MW) of onshore wind farms in China. The announcement was made at the 14th UN Climate Change Conference in Poznan, Poland, as part of the Global Wind Energy Council’s (GWEC) “Wind Power Works” campaign.
Three projects have been agreed with CNOOC New Energy, a subsidiary of China National Offshore Oil Corporation. One additional development was agreed to with the renewable energy subsidiary of Sinohydro Corp. Construction. All of these projects are expected to be in developement during 2009.
“The size and scope of these agreements prove that a sustainable energy supply for everyone is absolutely achievable. Econcern has ambitious growth targets; these deals show that investment in sustainable solutions remain strong despite the current situation with the financial markets,” said Ad van Wijk, Econcern’s chairman.