Wind Energy Holding set to take over Australia’s CWP Renewables

WIND ENERGY Holding Co (WEH), majority-owned by Thailand’s KPN Group, has agreed to acquire CWP Renewables, a renewable-energy developer and asset manager in Australia, from Continental Wind Partners and the Wind Prospect Group.

WEH will also purchase 50 per cent of CWP's Australian business, including 800 megawatts in assets on which construction will start in 2016.

These assets will continue to be developed by CWP Renewables, which will be integrated with the WEH team to deliver and manage further projects across Asia.

The acquisition marks WEH's first international investment as it strives to become one of the world's leading renewable-energy companies over the next decade. Combining WEH's existing capabilities with CWP's expertise and talent is expected to strengthen the Thai company, enabling it to accelerate its global growth, as well as the development of its projects in Thailand and Australia.
 
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Credit: Nationmultimedia.com
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