Bahrain investment bank set to create one of the biggest wind generation projects in the world
A Middle-Eastern investment fund is set to turn 2.2m sq metres of Mongolian steppe into a £1bn collection of five wind farms.
Arcapita Bank, a Bahrain investment firm, has acquired Chinese wind energy generation firm, Honiton Energy Holdings, which will spearhead the plan for the development.
The giant Inner Mongolian project will cover five different sites and generate around 1,650 MW of power, increasing China’s wind power generation from around 6,000 MW to 7,750 MW.
Arcapita has linked up with Singapore-based Colossus Holdings for the project.