Apple invests in 134 MW Chinese wind portfolio
Date
September 30, 2019
Type
M&A Transactions
Subtype
Transaction completed
Countries
China
Subsectors
Onshore Wind
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The Apple-launched China Clean Energy Fund has invested in three wind farms. They will supply a total of 134 megawatts of energy to the country’s national power grid.
The three wind farms are in the Hunan and Hubei regions. Concord New Energy Group and Fenghua Energy Investment Group developed the sites. The Concord wind farms at Jing Tang and Zhang Tang in Hunan both generate 48 MW of energy, while the Fenghua wind farm in Hubei generates 38MW. Together, they will generate one-tenth of the overall energy the China Clean Energy Fun is expected to produce.
Financial details about the transaction were not provided.
