London Asia Capital plc Gouce one of the company’s investments
Guoce, a Chinese wind turbine manufacturer and wind farm developer, has agreements in place with a number of local governmental authorities across China, giving Guoce rights to develop and operate wind power projects with potential capacity of 2,300 MW as the project owner and developer, roughly equal to 1.3 billion of capital expenditure.
Under the agreement with Guoce, Asia Wind is the sole manager of the financing of the initial development phase of 1,000 MW, and will be responsible for introducing additional technology partners and structuring the Carbon Credits of the projects. The Fund has an investment in China’s leading advisor on carbon credits, China CDM Exchange Ltd, listed on the UK’s PLUS market. Asia Wind has also been granted a first right of refusal to finance Guoce’s additional 1,300 MW capacity of wind energy. Asia Wind also has the right to sell on and re-finance projects developed by Guoce.