A-Power Energy Generation Systems Ltd., a provider of distributed power generation systems in China and a manufacturer of wind turbines, has announced that the company has been designated to supply wind turbines to a China-US joint venture project to develop a 600MW wind farm in West Texas.
Shenyang Power Group, the US Renewable Energy Group, and Cielo Wind
Power LP, signed a joint venture framework agreement setting forth
plans for developing the 600MW wind farm. The terms of the JV Agreement
include the JV Project's plans to sign a definitive purchase agreement
with A-Power related to the purchase of up to 240 units of 2.5MW wind
turbines. The JV Agreement includes a delivery schedule starting in
March 2010, subject to SPG securing third-party financing, among other
conditions. The JV Project will be 49% owned by SPG, with the rest of
the equity ownership held by US-REG and Cielo Wind jointly.
