Shenhua, Partner Plan $1.7 Billion in Australian Wind Projects
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Shenhua Group Corp., China’s biggest coal producer, and Hydro Tasmania could jointly invest A$1.6 billion ($1.7 billion) by the end of the decade to build Australian wind farms.
The Chinese company and Hydro Tasmania reached an agreement to evaluate a further 700 megawatts of wind projects, expanding their partnership on previous developments, the Australian energy company said April 9. The two companies haven’t identified any specific projects, Hobart-based Hydro Tasmania said today in an e-mail.