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March 11, 2010 – Vol.14 No.51 U.S. Renewable Energy Group, China’s A-Power Energy and American Nevada Group to Develop Wind Turbine Manufacturing Plant in Nevada. The U.S. Renewable Energy Group, China’s A-Power Energy Generation Systems, and American Nevada Group have announced the development and construction of a new production and assembly plant in Nevada that will supply highly advanced wind energy turbines to renewable energy projects throughout North and South America. The state-of-the-art facility will be approximately 320,000 square feet with annual production capacity of 1,100 megawatts of wind energy turbines annually, enough to power 330,000 homes. The facility is expected to employ approximately 1,000 Nevada workers and create even more jobs during the construction process. ANC will identify potential sites for the facility and will develop the facility for the group. When A-Power selects a suitable site, it intends to arrange the financing of the costs of site acquisition and the construction and operation of the assembly facility from its own funds. A-Power Energy Generation Systems, through its China-based operating subsidiaries, is a provider of distributed power generation systems in China, focusing on energy-efficient and environmentally friendly projects of 25MW to 400MW. In 2008, A-Power entered the wind energy market and has built China's largest wind turbine manufacturing facility, located in Shenyang, Liaoning Province, with a total annual production capacity of 1,125MW. In March 2009, A-Power entered into an agreement to establish a Joint Venture partnership with GE Drivetrain Technologies to produce wind turbine gearboxes in Shenyang. A-Power has also formed joint research programs with Tsinghua University and the China Academy of Sciences to develop and commercialize other renewable energy technologies.
The United States Renewable Energy Group is a U.S.-based private equity firm that mobilizes and facilitates the participation of international financing and investment in large-scale renewable energy projects within the United States. American Nevada Company holds a commercial portfolio of nearly 3 million square feet which it developed and manages. (3/11/10)
Links: U.S. Renewable Energy Group American Nevada Company A-Power Energy Generation Systems
Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: Yes
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