BP Alternative Energy has pulled out of a partnership with a subsidiary of Chinese wind turbine manufacturer Goldwind Science & Technology Co. BP Alternative Energy had originally signed a framework agreement to jointly develop three wind farms in Inner Mongolia. In a statement posted on the Shenzhen Stock Exchange, Goldwind said that BP was suspending its wind power business in Asia.

BP Alternative Energy has pulled out of a partnership with a subsidiary of Chinese wind turbine manufacturer Goldwind Science & Technology Co. BP Alternative Energy had originally signed a framework agreement to jointly develop three wind farms in Inner Mongolia.

In a statement posted on the Shenzhen Stock Exchange, Goldwind said that BP was suspending its wind power business in Asia.

In January, BP signed a framework agreement with Beijing Tianrun New Energy Investment Co., a subsidiary of Goldwind Science and Technology Co. Ltd., with the intention of jointly investing, constructing and operating three 49.5 MW wind power plants near Bayan Obo in Inner Mongolia. The two parties also agreed to explore further wind power investment opportunities in other areas of Inner Mongolia.

Goldwind said that construction of the wind farm would be completed in February 2009, and the company is seeking new partners.

BP Alternative Energy was launched in 2005, combining all of BP's interest and investments in wind, solar, hydrogen power, biofuels, and other new and emerging energy projects.

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