- Hong Kong Carbon Reduction Campaign
- Global forest carbon research
- Securing water supply in China's heartland
- Taking direct action
- Saving the Freshwater Gharial in the Ganges
- Cleaning up the Ganges
- Untangling our understanding of lianas and climate change
- The Panama Canal Watershed Experiment
- Protecting the Ganges: Interschool Recycling Workshop
- Cooking on natural gas in the Yangtze
- Tackling illegal deforestation
- Johannesburg's Rea Vaya Bus Rapid Transit Project
- Baicheng wind farm project
Baicheng wind farm project
© The Baicheng wind farm project
The Baicheng project is a 49.5-megawatt wind farm, located on farmland in Jilin Province, north-eastern China. In 2010, HSBC Global Banking and Markets structured a project finance deal to fund the project, which will save more than 100,000 tonnes of carbon dioxide a year for the next two decades. China already ranks as the second largest and most rapidly growing wind market in the world.
At current growth rates, it will surpass the US in 2011 as the biggest wind market in the world. We worked with our partners, including Bank of Communications, one of the largest Chinese banks, on an effective financing model and, as a result, this was the first non recourse project financing successfully closed for a wind farm in China.
This transaction establishes a scalable model for wind sector project financing in China, and opens up further opportunities to develop renewable energy there. It also demonstrates HSBC's commitment to finance the transition to a low carbon economy with innovative financing solutions.
