Today, a Memorandum of Understanding to construct a new 290K sq foot turbine facility with capacity of 800 MW
- A-Power Energy Generation Systems, Ltd. (NASDAQ:APWR - News) ("A-Power"), announced today that it has entered into a Memorandum of Understanding with the Bayan Nur city government in western Inner Mongolia Autonomous Region to construct a new 290,000 square foot wind turbine production facility with the capacity to produce approximately 800MW of wind turbines each year.
- A-Power intends to produce its 2.5MW and 750kW wind turbines in this facility. Based on market demand and the wind conditions in this region, A-Power also anticipates future production of 1.5MW wind turbines in this facility and is in discussions to license or acquire 1.5MW wind turbine technology.
- As part of the agreement, the Bayan Nur city government will also provide A-Power with tax breaks and coordinate all of the sales efforts for A-Power’s wind turbines with wind farms in Bayan Nur and surrounding areas. Bayan Nur is located in one of the three premium wind belts in China and therefore, significant demand for wind turbines exists from wind farm operators in this region. The PRC central government has recently approved wind farms with a potential 2,100MW of output in Bayan Nur alone.
- "The new facility will be similar in size to the first phase of our facility recently completed in Shenyang and its strategic location will be advantageous to serve this particular part of Inner Mongolia’s wind belt. We plan to begin construction on this facility in October 2008 and it is expected to be completed in July 2009 at a cost of approximately $20 million.
- "The 800MW annual wind turbine production capacity at this new Inner Mongolia facility combined with over 1,000MW from the first phase of our Shenyang production facility will give A-Power an annual wind turbine production capacity of over 1,800MW by the end of 2009.”
- A-Power Energy Generation Systems, Ltd. (NASDAQ:APWR - News) ("A-Power"), announced today that it has consummated a Co-operation Agreement with Fuhrlander AG which gives A-Power the right to produce Fuhrlander’s 600kW to 2.7MW series wind turbines in addition to the already agreed upon production of Fuhrlander’s 2.5MW wind turbine.
- The Co-operation Agreement also provides for a joint component sourcing program in Europe and China as well as an expanded training program where A-Power’s technical staff will attend extensive on-site training at Fuhrlander’s facilities in Germany.
4 comments:
Mark,
Nice call on CSIQ and on APWR. Regarding APWR- long term energy grid infrastructure plays are very much on my list. I didn't know about this play until I saw it on your website. I am looking everywhere for such plays. Also I think wind energy is going to be big and very possibly rival or exceed solar going forward.
Other companies I have been involved in are ABB, JST (got crushed today... fortunately I locked in at least break even with stops)... perhaps on the APWR news? and others .
Regarding solar... as I've mentioned on here CSIQ has stellar management. This is critical in this industry because the winners and losers have not yet been established and those that are best run are likely to take the biggest piece of the pie.
For those interested btw I did a post and follow up post on solar stocks that is interesting. Just google Yellow Rose Street Beat Solar Bull.
Your picks are hitting on all cylinders right now, Mark. I'm glad I came across this site and am more than happy to tell others about it.
BTW... FEED jumped up 5% today... that's 20% from its recent bounce off of 10... if it breaks resistance at 12 it can shoot to 13.5 or higher. I have no position but am watching it...
Jon
not quite 20% ... 15%... it had approached 12 at one point...
you love those small cap chinese names - you must of been having a ball in October 2007 when anything 6 degrees of China was going up 150% in a 4 week span. I like the relative strength of china stuff of late. Never heard of JST but gosh ABB is about 180 degrees different in size scale - ABB is like JEC or FLR. :)
Yes please spread the gospel. I look forward to the next posting of how I am doing versus peers as of June 30, 2008. If my judgement is correct I'll be the 2nd or 3rd best performing non sector mutual fund in the entire country over the past year. And its a struggle to raise capital :) Meanwhile people are happy to lose 10-20% in many other funds. Sheesh.
I am pounding my brain since readership is exploding higher but I seem unable to convert to more pledges. Probably am attracting the "do it yourself" crowd instead of my target audience. Bah. With this market so poor and people giving up, I'm going to be stuck here for another year doing the same song and dance.
"I'll be the 2nd or 3rd best performing non sector mutual fund in the entire country over the past year. And its a struggle to raise capital"
Perhaps you need an effective commercial, like Heebner's CGMFX commercial with two guys fencing.
Perhaps you can have two guys sipping kool aid in a land of fairies and unicorns.
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