Beijing Jingneng seeks clean energy growth from Australia and Beijing Olympics

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The company has 2,349MW of operating wind farms in China and Australia, with 149.5MW under construction and 1,600MW planned

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Beijing Jingneng aims to realise 1,000MW of renewable energy generating capacity by 2020 in Australia, focusing on the state of New South Wales. Photo: Reuters

Eric Ng

Published: 8:03am, 22 Dec 2017Updated: 8:03am, 22 Dec 2017

Beijing Jingneng Clean Energy, a wind and natural gas energy firm controlled by the Beijing municipal government, is eyeing a major expansion of its renewable energy capacity in Australia and cleaner heating project opportunities from the 2022 Beijing Winter Olympics.

The Hong Kong-listed company is aiming to have 1,000 megawatts of renewable energy power generating capacity Down Under by 2020, general manager Chen Ruijun told the South China Morning Post in an interview.

It has already amassed operating and planned capacity of 275MW through three acquisitions in New South Wales state since 2014.

“We plan to realise the 2020 goal partly through self-developed projects and partly from acquisitions,” he said.

“At this stage, our focus will be in New South Wales, but we will also actively seek projects in other states, as well as in nations along the ancient and maritime Silk Roads, especially those in Southeast, South and Central Asia.”

We plan to realise the 2020 goal partly through self-developed projects and partly from acquisitions

Chen Ruijun, Beijing Jingneng Clean Energy

Even though the Australian market has been troubled by volatile power prices and weak sales volume growth two years ago partly due to rising popularity of home roof top solar panels, Chen said market conditions had improved.