Dec 22, 2021 04:18 AM

BUSINESS

China Three Gorges Plans to Pour $6.47 Billion Into Three New Wind Farms

By Bai Yujie, Chen Xuewan and Denise Jia

What’s new: China Three Gorges Corp. (600905.SH) plans to invest nearly 41.2 billion yuan ($6.47 billion) in building three offshore wind farms in southeastern China’s Guangdong province, the state-owned energy giant said Monday.

Each of the wind farms, planned for the ocean near Yangjiang city, will have capacity to generate 1 million kilowatts of electricity. They are expected to start operation in 2024.

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