Chinese buyer for Morton’s Lane wind

China’s CGN Wind Energy has its first project in Australia after announcing the acquisition of the 19.5 Morton’s Lane wind farm from Chinese turbine maker Xinjian Goldwind.
Goldwind will supply its first turbines into Australia through the project, which also has a power purchase agreement with Powercor.
The Morton’s Lane project, in Western Victoria, will use 13 Goldwind  turbines, each generating 1.5 MW of electricity.
Goldwind Australia has its own project management team overseeing the construction of the Mortons Lane project, which commenced in October last year.
“Goldwind is very pleased that CGNWE has invested in Mortons Lane Wind Farm – Goldwind’s first Australian project. This project has been developed due to the support of the Australian Government’s renewable energy target,” said Goldwind Australia Managing Director Mr. John Titchen in the statement.
Goldwind did not disclose the value of the deal.
Goldwind’s first-quarter net profit fell 97 percent due to weak wind turbine prices and increased market competition.