GD Power Unit Wins Approval for 250-Megawatt Offshore Wind Farm

Dec 25, 2013 3:40 am ET

Dec. 25 (Bloomberg) -- GD Power Development Co., a Chinese electricity generator and distributor, said its unit secured approval for a 250-megawatt offshore wind farm in China’s eastern province of Zhejiang.

The unit, Zhejiang Zhoushan Offshore Wind Power Development Co., will spend 4.45 billion yuan ($733 million) on the project, GD Power said today in a filing to the Shanghai stock exchange. It will be the first sea-based wind farm approved in the province by the local Development and Reform Commission, it said.

--Feifei Shen. Editor: Peter Langan