11:09AM A-Power Energy to acquire 1.5MW wind turbine proprietary technology from Shenyang Huaren Wind Power Technology Development (APWR) 10.54 -0.63 : Co announces that it has signed an agreement with Shenyang Huaren Wind Power Technology Development to acquire Huaren’s proprietary technology to commercially produce and sell 1.5MW-grade wind turbines. In addition, A-Power has agreed to fulfill Huaren’s back order of ten units of the same turbines with a customer in China. Pursuant to the contract, Huaren will transfer, within a month of the signing of the contract, the blueprints, the technical specifications and other related studies and manuals for the 1.5MW double-fed, variable-speed and constant-frequency wind turbines developed by Huaren to A-Power as well as its wind power business divisions. The contract expires July 28, 2012.

APWR has completed its first two 2.7MW’s large wind turbines and joins the big three in China for the market coming to wind power from the Chinese stimulus packages. Green power and especially wind power is going to ramp into 2020 for China.

APWR is also entering the 1.5mw manufacturing and more details will be forthcoming as more information is learned. APWR has a plant completed that when at full capacity can manufacture 800MW’s of wind turbines per year.

As of July 27, 2009, we have finished the assembly of the first two units of the 2.7MW wind turbines, to be shipped to Daxinglong Mountain Wind Power Generation Plant (“Daxinglong Mountain”) in Jinzhou City, Liaoning Province in Northeast China. Our wholly-owned subsidiary, Liaoning Gaoke Energy Group, has been contracted to install the wind turbines in Daxinglong Mountain and we are currently preparing for the erection of the towers while waiting for the Jinzhou Municipal Government to evaluate the final power-transmission data. Upon Jinzhou City’s approval and the completion of the towers, the first two wind turbines will be shipped and installed. The installation process is expected to take less than three weeks.

Again, from the Chinese websites so no idea how long till we see a press release but I thought it was interesting that the component shortage problem goes away when you building the established 1.5mw model that is almost the standard model across the globe……

“In the morning of July 28, 2009, A-Power’s CEO Jinxiang Lu and Shenyang (Ruixiang) Lucky Wind Power Equipments Co. general manager Yuenpo Wang signed a 1.5MW wind turbine technology transfer agreement with Shenyang Industrial University’s Wind Turbine Research Institute. (Translator’s note: Ruixiang is a wholly own subsidiary of Easy Flow, which in turn is a wholly own subsidiary of APWR.)

The first batch of 10 1.5MW wind turbines, utilizing all domestically made components from China will be completed by the end of 2009. Mass production is expected in 2010. At such time, production cost is expected to be drastically reduced to US$600 to $650 per KW, greatly enhancing A-Power’s market competitiveness.

As a result of this important step, A-Power will complete a whole series of four wind turbine models, the 225KW, 750KW, 1500KW, and 2700KW, laying a solid foundation for A-Power to compete in the wind turbine market.”

———————–
?00???????????A-Power?CEO???????????????????????????? ????1.5MW???????????
?00????10??????????????????????????0?0????????????????????????????????600???650????????????????A-Power?? ?????????225KW?750KW?1500KW?2700KW????????????????????? ??