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05:15 EDTAPWR
theflyonthewall.com: A-Power Energy to build wind energy turbine production, assembly plant in U.S.
The U.S. Renewable Energy Group has signed a cooperation agreement with A-Power Energy Generation Systems under which both sides commit mutually to the development and construction of a new production and assembly plant in the United States that will supply highly advanced wind energy turbines to renewable energy projects throughout North and South America. The state-of-the-art facility is expected to be 320,000 square feet and produce 1,100MW of wind energy turbines annually, enough to power 330,000 homes. Upon completion, the facility is expected to employ approximately 1,000 American workers and will create additional jobs during the construction process. In addition to production and assembly at the new plant, the plan calls for many of the key wind turbine components to be sourced from U.S. manufacturers, further expanding the number of jobs created in the United States. :theflyonthewall.com



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January 27, 2010
10:50 EDTAPWR
theflyonthewall.com: A-Power Energy announced delivery of 10 units of wind turbines to China
A-Power Energy announced earlier today that it has delivered 10 units of 2.7 MW wind turbines in China. On September 16, 2009, the Company signed a "full-responsibility" contract to develop a 49.5MW wind farm in the township of Saiwusu, Guba County, Inner Mongolia, for the Urat Rear Banner-based Jihe Orient Wind Energy Co., Ltd. The first 5 turbines were delivered today. On October 14, 2009, the Company signed another contract to develop a 19.5MW wind farm in the Donggang, Rizhao City of Shandong Province. The first 5 turbines for this wind farm were also delivered today. :theflyonthewall.com
09:30 EDTAPWR
theflyonthewall.com: A-Power Energy selected by China Machine-Building in Vietnam project
A-Power Energy Generation Systems, Ltd. announced it has entered into a definitive agreement with China Machine-Building International Corp, or CMIC, to co-develop a turn-key solution in the construction of a major cement plant in Vietnam. This DG project with CMIC has commenced immediately with the construction duration of 12 months. The total contract has a value of approximately $40M dollars with a down payment within 10 days from the contract date. No other details were disclosed. :theflyonthewall.com

January 26, 2010
15:14 EDTAPWR
theflyonthewall.com: A-Power Energy volatility elevated after recent sell off

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