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7 July 2008 - AES Corporation of the US has announced a substantial increase in its China-based wind power operations through two new agreements with one of China's largest wind power developers.
AES acquired 49 percent of Guohua Energy Investment Company Limited's Hulunbeier wind farm, which began commercial operation in September last year in Inner Mongolia, China. The wind farm currently produces 49.5 MW of wind power. 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, approximately 200 km southeast of Beijing. 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 once construction is completed on Phase I.
AES owns 49 percent of the Huanghua project, which has the potential to expand to up to 200 MW.
"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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