PRESS

2011-01-28

ADB supports China WindPower Group in Developing 800MW of Wind Power Projects

On 28th January,2011, CWP and Asian Development Bank (ADB) signed the loan facility agreement in Beijing. ADB will provide up to $120 million long term loan facility to the Group at a competitive rate of interest, to support private corporate participation in wind power farms. ADB will provide a dual currency US dollar-renminbi loan equivalent, and CWP can use the loan as either project equity capital or project shareholder’s loan to proceed to build and operate up to 800 megawatts (MW) of new wind farms by 2013.

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