Guangdong Yudean Yangjiang Shapa Offshore Wind Power Project (NDB-guangdongyudeanyangji)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Guangdong Province
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • New Development Bank (NDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 16, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
The People’s Republic of China
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 288.27 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported RMB 2,000,000,000
Converted using 2018-11-16 exchange rate.
Loan Amount (USD)
$ 288.27 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 864.80 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported RMB 6,000,000,000
Converted using 2018-11-16 exchange rate.
Primary Source

Original disclosure @ NDB website

Updated in EWS Mar 21, 2019


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Project Description

According to NDB website, the project intends to provide clean power supply and improve energy structure of Guangdong Province. The Project will develop 300 MW of offshore wind capacity in Yangjiang’s shallow water area. The Project aligns with the priority of the People’s Government of Guangdong Province to achieve the objective of accelerating offshore wind power development and increasing power supply through clean energy. As the replacement of coal-fired power plants, wind power can save coal consumption of 247,200 tons annually. 

Investment Description
  • New Development Bank (NDB)
Private Actors

Guangdong Yudean Group Co., Ltd., together with its subsidiaries, primarily engages in the power generation business in China and internationally. The company is involved in coal power, hydropower, gas power, wind power, nuclear power, solar power generation, etc. It has a controllable installed generating capacity of approximately 30 million kilowatt.

Contact Information

For further information, comments or suggestions please reach out to us at info@ndb.int.