Ireland's Mainstream Renewable Power and Chinese wind turbine maker Xinjiang Goldwind Science & Technology Co. have formed a 50-50 joint venture to build a 70 megawatt wind farm in Chile, the firms said on Monday.
Construction of the first 70 MW phase of the Ckani wind farm in northern Chile should start by the end of this year, and it has the potential to have a capacity of 240 MW capacity on stream by 2015, the companies said in a statement.
The value of the whole project is $480 million, while the first phase is worth $140 million.