Hydro Tasmania and Chinese energy company Shenhua have signed a strategic cooperation agreement in Beijing.
In February this year the Shenhua Group acquired, through its subsidiary Shenhua Clean Energy Holdings, a 75 per cent stake in the Musselroe Wind Farm. Musselroe is currently being built by Hydro Tasmania in north-east Tasmania and is expected to be fully operational by July 2013. That agreement follows the prior acquisition by the Shenhua Group of a 75 per cent stake in the Woolnorth wind farms (Bluff Point and Studland Bay) in north-west Tasmania in 2011. Hydro Tasmania retains a 25 per cent share in both the Musselroe and Woolnorth wind farms, and manages and operates them on behalf of the partnership.
