Sembcorp buys wind power holdings

Sembcorp Industries Ltd, a Singapore-based conglomerate engaging in utilities and marine and urban development, acquired a wind power asset in China from the AES Corp for $85.5 million, Sembcorp said on Monday.

The acquisition includes a 49 percent stake in four wind power assets owned by AES Huanghua, AES Hulunbeier Wind Power Co, AES Xinba’erhu Wind Power Co and AES Chenba'erhu Wind Power Co, as well as a 25 percent stake in a coal-fired power plant owned by AES China Corp.

The wind power assets comprise three wind power plants in the Inner Mongolia autonomous reguion and one wind power plant in Hebei province with a total gross power capacity of 247.5 megawatts.