NewEnergyNews: IRELAND AND CHINA PARTNER ON WIND FOR CHILE/

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    Sunday, February 26, 2012

    IRELAND AND CHINA PARTNER ON WIND FOR CHILE

    Mainstream links with Goldwind for Chilean project
    Ros Davidson, 20 February 2012 (Windpower Monthly)

    "Ireland-based developer Mainstream Renewable Power has inked a new 50/50 joint venture with China’s Xinjiang Goldwind Science & Technology of Beijing for a wind project in Chile.

    "Goldwind’s US subsidiary is supplying 47 of its 1.5MW direct-drive permanent-magnet turbines for the first phase of Mainstream’s Ckani project in Antofagasta, northern Chile. Construction is expected to start this year…The Mainstream/Goldwind deal will use non-recourse financing from the China Development Bank (CDB)…"


    click to enlarge

    "Previously, Mainstream bought 23 of Goldwind’s 1.5MW turbines for the 34.5MW Negrete Cuel project, also in Chile…Negrete Cuel was the first Western-owned wind venture to use CDB non-recourse financing.

    "Goldwind’s 106.5MW Shady Oaks project, to be completed this quarter in the USA, was bought from Mainstream…A publicly traded firm, Goldwind has a $6 billion credit line from the CDB and $5.5 billion in internal financing from Beijing Tianrun New Energy Investment, a unit of the CDB."

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