Guohua Investment has made significant progress in its overseas renewable energy expansion, with two major wind power projects—Umus and Maslow—each holding a 75% stake. Together, these projects have a combined installed capacity of over 300,000 kilowatts, positioning Guohua as the leading Chinese company in international wind power development.
On February 29, China Shenhua Group announced that its subsidiary, China State Investment Corporation, successfully acquired a 75% equity stake in a U.S. wind farm located in Australia. This marked a key milestone for the group's global expansion in clean energy.
Just one day earlier, on February 28, Guohua Investment signed an agreement in Beijing to acquire equity in the Urumqis Wind Farm from Australia’s Tashui Hydropower Co. This deal was the largest cross-border wind power acquisition at the time and marked the first overseas project for Shenhua’s new energy division.
Under the terms of the agreement, Guohua Investment and Shenhua International Hong Kong jointly established Shenhua Australia Clean Energy Holding Co., Ltd. The company then partnered with Tashui Hydropower to create Australian U.S. Wind Power Holding Co., Ltd., which now manages the U.S. wind farm. The total capacity under management is 139.75 million kilowatts.
Following the successful acquisition of Umus Wind Farm, on September 12, Guohua Investment held a signing ceremony in Beijing for the equity transfer of the Maslow wind power project in Australia. According to the agreement, Guohua will own 75% of the Maslow project, further solidifying Shenhua’s “going global†strategy in renewable energy.
The Maslow Wind Power Holdings Co., Ltd. was set up by Shenhua Australia Clean Energy Holding Co., Ltd., in collaboration with Tashui Hydropower. Located in the northeastern part of Tasmania, the site is known for its strong wind resources. Construction began in late 2011 and was expected to be completed by June 2013. Once operational, Guohua’s total wind power capacity in Australia would reach 307,800 kilowatts, with 139.75 million kilowatts from the U.S. project and 168,000 kilowatts from Maslow.
While the acquisition of these projects was a crucial first step, Guohua recognizes that long-term success depends on effective management, operational efficiency, and maximizing returns. Expanding overseas partnerships remains the ultimate goal.
To ensure smooth operations, Guohua quickly implemented internal regulations for managing its overseas ventures. These included guidelines on corporate governance, reporting systems, emergency protocols, financial management, information sharing, and human resources. Cost control and personnel management were also addressed through specific policies.
Since the acquisitions, Shenhua Australia Clean Energy Holding Co., Ltd. has seen continuous improvements in management structure and operational efficiency. Key departments such as production, finance, asset management, HR, and general affairs have been fully functional. Data integration, report preparation, and property rights registration have all been successfully completed, demonstrating strong progress in the company’s international expansion.
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