GreenHunter Wind Energy, LLC, a wholly owned
subsidiary of GreenHunter Energy, Inc. has announced its first wind energy
development project outside of the USA, located south of Shanghai, China.
Once fully constructed, the project has the potential to generate up
to 300MW of power and will be developed in partnership with two other parties,
Chem-Energy, Inc., a US based developer and a Chinese based wind turbine manufacturer, MingYang
Wind Power Technologies.?GreenHunter Wind Energy will manage and control
approximately 70% of the ownership equity of this project. GreenHunter has an
exclusive agreement with MingYang which gives them preferential rights to
purchase any turbines they export to North America
between 2009 and 2012. MingYang is currently the only Chinese company permitted
to export turbines to the U.S. and GreenHunter hopes to import as many as 200 of them during the next
several years.
