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Zhejiang Chenfeng Technology to Invest 1.18 Billion Yuan in Two Wind Farms

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Zhejiang Chenfeng Technology (SHA:603685) is investing 1.18 billion yuan to build two wind power projects in Inner Mongolia, China, according to a Monday filing with the Shanghai bourse.

The Horqin wind farm, with a capacity of 100 megawatts, will cost 360.1 million yuan. The Kaiiu project, with a 200-megawatt capacity, will cost 819.9 million yuan.

Both projects are expected to break ground on Aug. 15, with respective construction timelines of nine and 11 months.

Shares of the lighting fixture product manufacturer closed 1% higher Monday.

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