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AEI China Power acquires wind farm developer NBT New Energy Development Company
(24/05/2010)

AEI China Power Limited has acquired 67 percent of NBT (Baicheng) New Energy Development Company, Ltd., a company formed in China that recently began construction on the 49.5MW first phase of a 200MW wind farm in Baicheng, Jilin Province, China. AEI acquired the equity from a subsidiary of NBT AS, a Norwegian wind farm developer focused on promoting renewable energy in China. AEI also closed a long-term project finance loan for 397 million renminbi (approximately US $58 million), which was pr... [more]

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