Renewable power company signs deal with Chinese turbine maker

Ireland’s Mainstream Renewable Power and Chinese wind turbine maker Xinjiang Goldwind Science & Technology Co have formed a 50-50 joint venture to build a 70 megawatt wind farm in Chile, the firms said yesterday.

Construction of the first 70MW phase of the Ckani wind farm in northern Chile should start by the end of this year, and it has the potential to have a capacity of 240MW capacity on stream by 2015, the companies said in a statement.

The value of the project is $480 million (€365m), while the first phase is worth $140 million.