CBD Wind
CBD's operations in wind energy are principally through AusChina Energy Group, a joint venture between CBD and two of China's largest renewable energy companies. Separately, CBD owns a build, own, operate, transfer wind farm on Chatham Island, New Zealand.
Ownership of the AusChina joint venture is Datang Renewable 63.75 per cent, Tianwei Baobian 12.50 per cent and CBD Energy 23.75 per cent. Datang Renewable and Tianwei Baobian are subsidiaries of larger companies which rank in the Fortune Global 500. CBD is also involved in the day to day management of AusChina Energy.
A current project list for AusChina comprises possible projects of 1500 MW, having a development value of approximately A$3 billion, to be developed over three years. Over eight years, AusChina's ambition is to capture a third of Australia's renewable energy market, involving total projects of A$6 billion.
