Putian Pinghai Bay Offshore Wind Power Project (NDB-pinghai-china)

Countries
  • China
Where the impacts of the investment may be experienced.
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
B
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.
Borrower
Government of the People's Republic of China, Fujian Investment and Development Group
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)
$ 298.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ NDB website

Updated in EWS Mar 21, 2019


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Project Description

The objective of the project is to increase offshore wind power capacity in Putian Pinghai Bay to provide adequate electricity supply to Fujian province and to catalyze offshore wind energy development with technological advances. The NDB will support the project through providing financing to the cost of equipment and civil works. The project is estimated to have a capacity of 3,490 hours of effective electricity generation per year. This capacity will provide electricity of 873 million kWh per year, to meet the demand of rising power consumption in Fujian province.

Investment Description
  • New Development Bank (NDB)
Private Actors
Contact Information

NDB HEADQUARTERS

SHANGHAI OFFICE
32-36 Floors, BRICS Tower
333 Lujiazui Ring Road, Pudong Area
Shanghai – 200120
China

For queries on working with NDB, please reach out to career@ndb.int.