Consented Projects (China)
Onshore development experience
In 1996 Wind Prospect formed a Chinese joint venture called IW Power (IWP) to develop onshore projects in China and established a portfolio of 1,000MW of greenfield development sites. By 2008 IWP successfully received its first full approval (including planning, environmental, land, grid and tariff) for a 50MW wind farm called Qian’an in Jilin Province, With the project’s strong foundations of international standard wind resource monitoring and assessment and project development, CLP (the leading Hong Kong utility) become an investment partner and are today constructing Qian’an.
With the success of this first development project and a strong pipeline of projects, in 2009 Wind Prospect sold its share in IWP to one of its partners.
Future onshore development
China continues to be the world’s fastest growing wind power market with a 100,000MW aspirational target for 2020. Wind Prospect has offices in Hong Kong and Beijing and is interested in using its previous market successes to re-enter the wind farm development market with partners seeking international standard wind farm development expertise.
Ongoing project work
Wind Prospect’s development of the 200MW Hong Kong offshore wind farm continues apace. We conduct many due diligence reviews across China (over 1,000MW) and more information about these can be found on the Advisory Services Track Record pages.
2 sites, 251MW