AusChina Energy
AusChina Energy Group was established at a signing ceremony at the Sydney Opera House in April 2011 by two of China's largest renewable energy businesses and CBD Energy. AusChina's aim is to develop renewable energy projects, principally wind farms in Australia. It is a stapled entity which comprises a company (AusChina Energy Development Limited) which is stapled to a unit trust (AusChina Energy Development Trust), with this stapled entity being owned by the joint venture partners. Ownership of the joint venture is Datang Renewable 63.75 per cent, Tianwei Baobian 12.50 per cent and CBD Energy 23.75 per cent.
CBD is also involved in day to day management of AusChina, which includes assessing wind farm opportunities in Australia, across operating wind farms as well as development sites.
AusChina has ambitions to gain a third of Australia's wind energy market over the next eight years. This would involve projects worth some A$6 billion. Currently AusChina is considering 1500 MW of wind farm projects, having a value of approximately $3 billion and to be developed over the next three years. AusChina's first wind farm is a 100 MW project worth A$220 million and to be developed at Taralga in the southern highlands of New South Wales. The wind farm will be completed during 2013 and will generate 300 GW of renewable energy a year, enough to power 40,000 homes.
