China Guodian to spin-up wind-power project in Canada

China Guodian to spin-up  wind-power project in Canada

Chinese state-owned power company China Guodian Corp is to begin work on a 100MW wind-power project in the Canadian province of Ontario.  The project is expected to begin operating as soon as 2014. According to  The China Guodian Corp Deputy-General Manager Xie Changjun, when finished, it will be able to supply enough electric power for 30,000 Ontario households.

 In 2011, China Guodian Corp became the first Chinese state-owned power firm to establish itself abroad when it paid CA$ 250 million (US$ 239.5 million) to acquire a wind-power project from Canadian Farm Owned Power (Melancthon) Ltd. 

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

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