China WindPower slows expansion

China WindPower Group Ltd plans to slow its expansion in the coming fiscal year as the global financial crisis makes it tougher to secure funding for the wind power plants that it builds, a company executive said. From about 10 wind power projects originally planned for the financial year ending in March 2010, the company now expects to build just half that number.

Each 50 megawatt wind project costs 450-500 million yuan. A third of the cost is usually paid in by the company and a local partner, which can own from 50 to 70 percent of the project.