in News Departments > Projects & Contracts
print the content item

Tang Energy Group, a privately held company based in Dallas, has signed an agreement with CATIC International Trade and Economic Development Ltd. for $300 million in financing, marking the first time a Chinese company has invested in U.S. wind projects.

With the $300 million investment, the company is considering wind farm projects in a number of states, including Illinois, Texas, Colorado, Iowa, Virginia and Massachusetts. Tang, which has initiated clean energy ventures in China since 1996, develops wind farms in North America through its subsidiary, Soaring Wind Energy.

"Agreements like this are an example of how Chinese and Americans can work together to build the clean energy production industry and together spur growth in the global economy," says E. Patrick Jenevein III, president of Tang Energy.

CATIC International Trade and Economic Development Ltd. is a subsidiary of the China Aviation Industry Corp., a state-owned industrial group that reports directly to the government.

SOURCE: Tang Energy



Trachte Inc._id1770
Latest Top Stories

Wind Energy Dominates New U.S. Power In October

Data from the Federal Energy Regulatory Commission shows that wind power accounted for over two-thirds of the country's new electricity generating capacity in last month.


Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?

Hybrid Energy Innovations 2015
Renewable NRG_id1934