Wind Energy Holding (WEH) from Thailand has announced the decision to invest in CWP Renewables (CWP), a renewable energy developer and asset manager in Australia.
WEH will buy the stake in CWP from Continental Wind Partners and the Wind Prospect Group. WEH will also purchase 50 per cent of CWP's Australian business, including its 800MW development pipeline, of which construction will start this year. The pipeline 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.
