Guoneng Fengshen is a joint-stock enterprise specializing in wind energy investments as well as research and development of new energy technologies. The enterprise holds an agreement with the People’s Government of Taonan of Jilin Province for the development of 500MW of wind farms in Yongmao, Taonan.
Currently, 200MW of the project has been established under the auspices of the Jilin provincial government and 50MW out of the aforementioned 200MW has obtained construction approval from the Jilin Provincial Development and Reform Commission. An additional 50MW has entered into the approvals process with the Jilin provincial gird connection system.
In accordance with the agreement, GC China will assist Guoneng Fengshen in the overall development of its 200MW wind farm in Taonan. Based on this agreement, Guoneng Fengshen has further pledged that the entire 200MW wind farm will purchase and use wind turbines produced by GC China. As a result, should the project be completed and all orders met, the anticipated order for 200 units of 1MW two-blade wind turbine is projected to result in sales to GC China in excess of $146m.
As part of the sales contract terms between both parties, Guoneng Fengshen signed an order with GC China for 50 units of 1MW turbines for the first phase of the Yongmao wind farm project at Taonan, Baicheng, Jilin province, which is planned to complete the delivery, installation and grid connection within this year.
