Today, with the Dow down 500 points, there are no safe havens for anyone in the stock market. This global damage is going to continue cause nobody in their right mind is going to get in front of this freight train DOWN and the speed is picking up with COAL down 15% for the day. Brazil markets down 15% today, most coal down 15%, and the pain and agony continues without regard to valuation or price or earnings. TRUST in the stock market is the problem and its global and its spreading. Wall street has given the perception that nobody tells the truth and nobody believes the government can function running a broken housing thrift shop. Renewables and clean wind stocks are getting PUMMELLED and I do mean destroyed. Broadwind down 30%, APWR down 28%, the list goes on and on and PBW down 12% for the day which is a global wind/solar index. For those invested in renewables, well, tomorrow is another sunny day somewhere but it aint the stock market shining today!

China will purchase MORE WIND in the future than most will believe……….APWR continues to get pounded in the global stock meltdown…….somewhere down there, THERE IS A BOTTOM!!

Monday October 6, 8:30 am ET

SHENYANG, China, Oct. 6 /Xinhua-PRNewswire-FirstCall/ — A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR – News; “A-Power”), announced today that it has signed its second sales contract with China National Automation Control System Corp. (“CACS”) (www.cacs.com.cn) for the sale of 50 2.7 MW wind turbines. This is in addition to the previously announced contract with CACS for five 2.7MW units. These units are expected to be delivered by July, 2009.
These 2.7MW wind turbines will be produced at A-Power’s new wind turbine production facility in Shenyang, China with components the company has secured from Fuhrlander AG and other European wind power component suppliers, which will begin arriving in November. This facility consists of two production lines with a designed annual capacity of 300 units of 2.7MW wind turbines and 420 units of 750kW wind turbines, totaling over 1.1GW in annual output.

CACS, a subsidiary of China National Machinery & Equipment Group, has been a leading provider of power generation solutions to both China and the international markets since 1981. A-Power will supply wind turbines to CACS’ wind farm projects in the Gansu province and the Inner Mongolia Autonomous Region.

Mr. Shenghang Wang, General Manager of, CACS commented, “We look forward to our expanded relationship with A-Power. Their 2.7MW wind turbine has already been market tested by Fuhrlander in Europe and is currently the largest land-based wind turbine that is commercially available to us in China. These large turbines will help us achieve a greater amount of wind energy output in each of our new wind farms in Gansu and Inner Mongolia.”

Mr. Jinxiang Lu, A-Power’s Chairman and CEO commented, “As expected, we continue to turn our previously announced wind turbine LOIs into sales contracts and we are excited to announce the contract for an additional 50 2.7MW wind turbines with CACS.