German an Chinese companies are investing around US$60 million dollars in a new wind farm in Qindao.

Qindao will be hosting the sailing events of the Beijing Olympic Games.

Qindao has been home to German in the past. It was Germany that helped setup the first beer factory in China, in Qindao. It is branded as “Tsindao” and has become representative of Chinese beer worldwide.

Read more here on the wind farm investment.