SHANGHAI Nov 6 BP Alternative Energy, a unit of
oil group BP Plc (BP.L), has pulled out of a partnership in a
wind farm project with a subsidiary of Goldwind Science &
Technology Co (002202.SZ), Goldwind said on Thursday.
Goldwind, China's largest maker of wind turbines, said BP had
decided to suspend its wind power business in Asia, according to
a statement posted on the Shenzhen Stock Exchange.
BP Alternative Energy and Beijing Tianrun New Energy
Investment Co, a subsidiary of Goldwind, signed a framework
agreement in January to develop wind farms with planned total
capacity of 148.5 megawatts (MW) in Inner Mongolia, China's top
base for wind power.
A Goldwind statement from January said BP would buy a 49
percent stake in the joint venture.
China ranked as the world's fifth-largest for installed wind
capacity in 2007, accounting for about 6 percent of the total 94
gigawatts (GW), according to the Global Wind Energy Council.
Goldwind said the construction of the wind farm was expected
to be completed in February 2009, and it was seeking new
BP Alternative Energy combines BP's interests in low and
zero-carbon power generation, including wind, solar and hydrogen
(Reporting by Rujun Shen; Editing by Anne Marie Roantree)