Some of U got gifts today IF you were trying to buy either AMSC or APWR. As U know , at current pricing, I much more prefer APWR over AMSC due to valuations and P/e ratios and APWR much more lower valuation compared to potential blockbuster deals coming for APWR in Thailand, Macau Island, and now Texas Wind Farm. Not to mention the normal 40MW DPG contracts China will sign for APWR down the road!

Voted1 Chinese commercial banks to fund $1.5B for 600 megawatt wind farm in Texas
By Dirk Lammers, APOctober 29th, 2009

Chinese banks to fund $1.5B Texas wind farm

China took a big leap into the U.S. renewable energy market Thursday, putting up $1.5 billion for a 36,000-acre wind farm in Texas with the power to light up 180,000 homes.

The project is a joint venture with U.S. Renewable Energy Group, a private equity firm, Austin, Texas-based Cielo Wind Power LP and Shenyang Power Group of China.

The announcement Thursday shows how much China’s own wind industry has burgeoned and comes two days after U.S. Energy Secretary Steven Chu told lawmakers that the U.S. was falling behind China and others in alternative energy investment.

“With a long track record for building some of the world’s biggest wind farms, the U.S. is a real ideal target for foreign alternative energy investment,” said Jinxiang Lu, Shenyang Power Group’s chairman and chief executive.

Executives would only say that the project will be located in West Texas and built within several counties.

Chinese wind turbine manufacturer A-Power Energy Generation Systems Ltd. will begin shipping the 2.5-megawatt turbines in March 2010, built in the company’s plant in the city of Shenyang.

A-Power uses technology developed by Germany-based Fuhrlander AG and Erie, Pa.-based GE Drivetrain Technologies.

The joint venture also plans to tap into U.S. stimulus funding for alternative energy, said Cappy McGarr, managing partner of U.S. Renewable Energy.

There are growing signs that the wind industry has weathered the worst of the recession, though credit markets remain very tight.

Armed with nearly $1 billion in federal grants, wind farm developers installed 1,649 megawatts of capacity from July through September — enough to serve the equivalent of 480,000 average households and about 18 percent more than the year-ago quarter, the American Wind Energy Association said last week.

That suggests the industry is doing better than might be expected, easing fears that a lack of lending would stall new wind capacity.

“It seems to be gradually getting back, back on its feet,” Lu said. “And more important, we are getting support from Washington.”

The economic slowdown has led to the demise of some wind projects.

Over the summer, energy baron T. Boone Pickens said he was backing off plans to erect 687 giant wind turbines over four counties in the Texas Panhandle, and is now looking to sell them off.

Rob Gramlich, the wind energy association’s senior vice president public policy, said China has put in place aggressive renewable energy targets and is rapidly building up its manufacturing base. He said wind development potential is attracting investors from both within in the U.S. and from overseas.

“A look at the top ten owners of wind farms in the U.S. shows a healthy mix of U.S. and global companies,” Gramlich said in a statement.

Denmark is the biggest importer to the U.S., at 28 percent, according to the U.S. International Trade Commission. Spain, Japan, Germany and India follow.

Yang Yazhou, vice mayor of Shenyang where the turbines are manufactured, said the project would demonstrate for the first time Chinese capital and manufacturing and engineering expertise exported to the United States.

Shenyang, a diverse manufacturing city with companies in the aviation, automobile and heavy equipment industries, has been working on entering the U.S. market for a long time and the wind farm project “was just meant to be,” Yazhou said.

the world just changed yesterday for me……..the company I cover exclusively and have based a business model around just signed the first ever LARGEST USA /CHINA Joint Venture for bringing Chinese made wind turbines from Shenyang , China into the USA and is financing and building a 600mw Wind Farm inside Texas . Why is this important for the world and especially the planet as we know it today for the future????? The answer my freinds, is blowing in the wind……….

The 600MW wind farm project, if completed according to plan, would demonstrate for the first time Chinese capital and manufacturing and engineering expertise exported to the United States – the world’s largest wind power country – and how the two countries can share both the risks and the benefits in a huge wind power project,” said Vice Mayor Yang Yazhou, who oversees all environmental protection and economic growth and development of the city of Shenyang. “China and the U.S. of course share the common goal of bringing cost-effective and environmentally responsible renewable energy to millions of homes across the world, and the Chinese government is proud to be a positive force that spurs ground-breaking, broad-range and in-depth cooperations between the U.S. and China and any ensuing mutual benefits for our two great economies.”

Jinxiang Lu, SPG’s CEO and A-Power’s Chairman and CEO, said, “SPG is committed to clean energy worldwide and since our inception in May 2009 we have been seeking large-scale power projects overseas and to be the first Chinese partner in a major alternative energy undertaking. We are extremely thrilled to sign this JV Agreement with the U.S. Renewable Energy Group and Cielo Wind Power and introduce financing, manufacturing and engineering capabilities of SPG and A-Power in wind power to the U.S. renewable energy market.”

John Lin, A-Power’s COO, said, “We are honored to be designated as the wind turbine supplier for this high-profile project. A-Power’s wind turbines are a product of our large-scale manufacturing capacities, currently at 1.1GW per year, technology and quality assurance from such eminent wind power equipment technology leaders in the world such as GE Drivetrain and Fuhrlander, components from various suppliers in Europe, and last but not least, low-cost but highly trainable and skillful Chinese labor. We believe all of the above give us a unique advantage in the fast-growing and highly competitive supply chain for wind turbine generators.”

“Though some will describe this project as a large-scale, U.S.-China venture, it is in fact a cooperation, based on respect and friendship, between the best and brightest women and men from both countries working together for a new energy future, addressing the global climate crisis and creating new high-paying jobs on both sides of the Pacific,” said Ed Cunningham, Managing Partner of US-REG.

Cielo is one of the most successful wind farm developers in the United States, accounting for over 1,100 megawatts of wind energy. Cielo is committed to developing, owning and operating the most cost-effective and environmentally responsible wind power facilities for the benefit of many load-serving entities throughout the southwestern United States. Texas is the American leader in wind energy with 8,797 megawatts of wind-generated electricity.

“A $1.5 billion, 600 megawatt renewable energy project will be one of the largest undertakings of its kind anywhere in the world,” said Cielo CEO Walt Hornaday. “Cielo is excited to be part of this historic partnership that will not only generate clean, homegrown, renewable energy, but also create a robust economy with new jobs and revenue.”

Earlier this year President Obama and the U.S. Congress created the American Recovery and Reinvestment Act of 2009 to promote innovation and investment in renewable energy. This legislation is clearing the way for increased capital formation and significant clean energy investment. By opening doors to global investment, America is positioning itself as the leader in developing innovative, renewable technologies and bringing clean energy to market.

“It is important to give credit where credit is due,” said Joe Stark, Vice President of Finance and Business Development with Cielo. “Without the American Recovery and Reinvestment Act of 2009, this joint venture with SPG would not be possible. Thanks to the strong policy push and a recovering financing environment, wind projects in the U.S. are attracting developers and investors alike once again. And this time, our largest project to date has an international flavor. We are very encouraged by all the new opportunities in the wind power sector.”

You can Join by contacting us at apwr5starinvestorsgroup@yahoo.com!

MEMBERSHIP IS FREE!

Who are we?

· Our official organization is named the 5 Star Investors Group.

· One part of our grass roots effort is being driven by Bob Skeway and Greg Datka . You may know us as “Businesstuneup” and “ShipofFools” on the Yahoo APWR message board.

· Disclosure: We were fed up with inaccurate third-party information and the clutter that seems to take on a life of its own on the message boards. We felt a need for a new site for investors, like us, who own APWR stock for the long haul.

· We seek to develop an investment communication model including future website, that can be used “by investors for investors.”

· Success with the APWR 5 Star Investors site will result in participants having the first opportunity to invest in any commercialization of the site, and the expansion of the APWR concept to include other stocks.

Where we are going?

· Direct, ongoing communication with APWR management through representation during existing quarterly conference calls, newly created fireside chats, and feedback from “boots on the ground”.

· Completion of the 5StarInvestorsGroup.com website which is developed, managed and continuously improved by investors.

· Organized, “rules-based” forums, free of clutter.

· Members will have opportunities to directly participate in site improvements, expansions and management.

· Profits from the site will be shared with investors.

How we will get there?

· Bring interested investors together.

· Continually improve our website.

· Assign work teams, coordinators and leadership to this ongoing effort

· Operationalize the membership teams

· Operate as an open, tranparent, continuously improving organization.

IMPORTANT ACTIONS TO TAKE:

1. Request more information about the 5 Star Investors Group online community, by sending an email to: apwr5starinvestorsgroup@yahoo.com!

2. Send us your questions for the next conference call, and we will write a letter to both Mr. Lu and Mr. Ding which compiles all the questions and requests that Mr. Lu addresses them in his opening statement.

3. Tell all the other APWR investors to join our group, there is power in a united group of APWR investors.

We are looking forward to working with all of the APWR investors, This is the ”’NEXT FIRST SOLAR of CHINA”’ and we are on the launching pad for a rocket shot north!

For Immediate Release: Thursday, October 29, 2009
Media Contact: Walter Hornaday at (512) 440-0305 or info@cielowind.com.

– Largest Ever U.S.-China Joint Investment in American Renewable Energy -
- First U.S.-China Joint Venture in Utility-Scale Wind Power Project -
- A-Power Energy Generation Systems, Ltd. Designated as the Exclusive Supplier of the 240 Wind Turbines -
- Joint Press Conference Today at the National Press Club at 12 p.m. EDT in Washington, D.C. -

WASHINGTON, DC – The U.S. Renewable Energy Group (US-REG) and Cielo Wind Power LP today announced they have entered into a joint venture agreement (the “JV Agreement”) with China’s Shenyang Power Group (”SPG”) which sets out the framework to construct a 600MW wind farm across approximately 36,000 acres in Texas. The agreement marks the first time China and U.S. entities agree to jointly develop a utility-scale wind power project. The project is estimated to have a total cost of approximately $1.5 billion and A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR, or “A-Power”), a shareholder of SPG in China, is designated as the supplier of 240 units of the 2.5MW wind turbines manufactured at A-Power’s facilities in Shenyang, China. In total, the wind farm is expected to produce enough electricity for 180,000 homes and create hundreds of American jobs. It is also expected to be one of the largest wind farms in the U.S.

According to the JV Agreement, commercial banks in China are expected to finance the $1.5 billion required for the project through SPG. Subject to securing such financing, A-Power is expected to start shipping the wind turbines in March 2010 and complete the delivery of all of the 240 units by March 2011.

At an event held today in the Holeman Lounge, located on the 13th Floor of the National Press Club, at 529 14th Street, NW, Washington, D.C., at 12:00 p.m. EDT, Chinese government officials, U.S. leaders, and top executives from US-REG, SPG, A-Power, Cielo Wind Power, LP, Fuhrlander AG, and GE Drivetrain gathered for a signing ceremony for the wind farm JV Agreement. The ceremony included the Vice Mayor of the City of Shengyang in China Yang Yazhou, SPG’s CEO Jinxiang Lu who is also A-Power’s CEO and Chairman, A-Power’s Chief Operating Officer John Lin, US-REG Managing Partner Cappy McGarr, US-REG Managing Partner Ed Cunningham, Cielo Wind Power, LP President Walt Hornaday, Cielo Wind Power, LP Vice President of Finance and Business Development Joe Stark, Fuhrlander’s CEO Joachim Fuhrlander, and Mr., Prescott H. Logan, Business Leader for GE Drivetrain Technologies

The ceremony was hosted by US-REG (www.US-REG.com), a U.S.-based private equity firm that mobilizes and facilitates the participation of international financing and investment in utility-scale renewable energy projects within the United States. US-REG provides American businesses with access to international investment options and works with strategic partners to identify domestic-based clean energy projects.

“US-REG, SPG, and Cielo Wind Power, LP are combining investment, expertise, and resources to bring clean, reliable, and affordable renewable technologies to the marketplace,” said Cappy McGarr, US-REG Managing Partner. “This planned $1.5 billion investment in wind energy will spur tremendous growth in the renewable energy sector and directly create hundreds of high-paying American jobs.”

SPG is a local power industry alliance based in Shenyang, China, and it was formed early this year under the leadership of A-Power, China’s leading provider of distributed power generation (DG) systems and a fast-growing manufacturer of wind turbines. SPG’s member companies range from power equipment makers to engineering service providers. The alliance was created to integrate local resources and leverage the manufacturing, engineering and government initiatives in the Shenyang area so that SPG can pursue large-scale, international projects in the alternative energy sector.

“The 600MW wind farm project, if completed according to plan, would demonstrate for the first time Chinese capital and manufacturing and engineering expertise exported to the United States – the world’s largest wind power country – and how the two countries can share both the risks and the benefits in a huge wind power project,” said Vice Mayor Yang Yazhou, who oversees all environmental protection and economic growth and development of the city of Shenyang. “China and the U.S. of course share the common goal of bringing cost-effective and environmentally responsible renewable energy to millions of homes across the world, and the Chinese government is proud to be a positive force that spurs ground-breaking, broad-range and in-depth cooperations between the U.S. and China and any ensuing mutual benefits for our two great economies.”

Jinxiang Lu, SPG’s CEO and A-Power’s Chairman and CEO, said, “SPG is committed to clean energy worldwide and since our inception in May 2009 we have been seeking large-scale power projects overseas and to be the first Chinese partner in a major alternative energy undertaking. We are extremely thrilled to sign this JV Agreement with the U.S. Renewable Energy Group and Cielo Wind Power and introduce financing, manufacturing and engineering capabilities of SPG and A-Power in wind power to the U.S. renewable energy market.”

John Lin, A-Power’s COO, said, “We are honored to be designated as the wind turbine supplier for this high-profile project. A-Power’s wind turbines are a product of our large-scale manufacturing capacities, currently at 1.1GW per year, technology and quality assurance from such eminent wind power equipment technology leaders in the world such as GE Drivetrain and Fuhrlander, components from various suppliers in Europe, and last but not least, low-cost but highly trainable and skillful Chinese labor. We believe all of the above give us a unique advantage in the fast-growing and highly competitive supply chain for wind turbine generators.”

“Though some will describe this project as a large-scale, U.S.-China venture, it is in fact a cooperation, based on respect and friendship, between the best and brightest women and men from both countries working together for a new energy future, addressing the global climate crisis and creating new high-paying jobs on both sides of the Pacific,” said Ed Cunningham, Managing Partner of US-REG.

Cielo is one of the most successful wind farm developers in the United States, accounting for over 1,100 megawatts of wind energy. Cielo is committed to developing, owning and operating the most cost-effective and environmentally responsible wind power facilities for the benefit of many load-serving entities throughout the southwestern United States. Texas is the American leader in wind energy with 8,797 megawatts of wind-generated electricity.

“A $1.5 billion, 600 megawatt renewable energy project will be one of the largest undertakings of its kind anywhere in the world,” said Cielo CEO Walt Hornaday. “Cielo is excited to be part of this historic partnership that will not only generate clean, homegrown, renewable energy, but also create a robust economy with new jobs and revenue.”

Earlier this year President Obama and the U.S. Congress created the American Recovery and Reinvestment Act of 2009 to promote innovation and investment in renewable energy. This legislation is clearing the way for increased capital formation and significant clean energy investment. By opening doors to global investment, America is positioning itself as the leader in developing innovative, renewable technologies and bringing clean energy to market.

“It is important to give credit where credit is due,” said Joe Stark, Vice President of Finance and Business Development with Cielo. “Without the American Recovery and Reinvestment Act of 2009, this joint venture with SPG would not be possible. Thanks to the strong policy push and a recovering financing environment, wind projects in the U.S. are attracting developers and investors alike once again. And this time, our largest project to date has an international flavor. We are very encouraged by all the new opportunities in the wind power sector.”

US-REG’s mission is to integrate renewable and environmentally sound energy technologies into the American marketplace, while generating tremendous returns with a range of smart and strategic investments in clean energy. US-REG is devoted to strengthening America’s energy independence, environmental quality, and economic vitality through investments in utility-scale projects in wind, hydro, geothermal, solar, and bioenergy.

maybe there is somebody out there that wants to REACH OUT to MADONNA for the PR it would generate to help thousands of orphans to learn by providing FREE POWER to her Africa Orphanage!

MPHANDULA, Malawi – Madonna has promised electricity to a village in Malawi, the impoverished southern African country where she runs a charity organization and from which she has adopted two children.

Speaking in Mphandula, some 50 kilometers (30 miles) from Malawi’s capital, Lilongwe, the singer said Thursday: “I know you work in darkness. I will bring you electricity.”

Madonna’s Raising Malawi charity already has donated $500,000 for a child care center in the village that feeds and educates 3,000 orphaned children.

Madonna arrived in Malawi on Sunday accompanied by her four children. On Monday she broke ground for her $15-million Raising Malawi Academy for Girls.

About 500,000 children in this nation of 12 million have lost a parent to AIDS.

the chinese / usa joint venture is being funded partly by USA Stimulus money and the Chinese/USA joint venture is one of the biggest ever in a coming list of green energy projects that will be announced in the coming Obama visit to China Nov 15th and the Chinese are going to announce a “”GLOBAL CLIMATE GREEN ENERGY INITIATIVE ”’ that the USA will be forced to sign because China owns the USA………this from me imho, the following article is from Wall Street Journal ::

WASHINGTON — A joint venture between Chinese and U.S. companies Thursday announced plans for a $1.5 billion, 600-megawatt wind farm in West Texas.

Although much of the funding will come from Chinese financiers, part of the project’s capital will come from the Obama administration’s stimulus package in the form of loan guarantees and grants.

The wind farm, expected to be one of the largest in the country, may help to highlight a recent administration talking point: The U.S. risks losing the competitive edge in the renewable energy sector if Congress doesn’t approve climate and clean-energy legislation.

The 240 2.5-megawatt wind turbines will be manufactured in China, with shipments starting in March. The farm is expected to be online in 2011.

While financing and major parts will come from China, the technology will come from U.S. and European firms. The venture’s main firms include private-equity group U.S. Renewable Energy Group, Texas-based Cielo Wind Power LP, China’s Shenyang Power Group and A-Power Energy Generation Systems Ltd. It will use technology from General Electric Co., Fuhrlander AG and Norwin.

The city of Shenyang’s vice mayor, Yang Yazhou, said the project “would demonstrate for the first time Chinese capital, manufacturing and engineering expertise exported to the U.S.”

Joe Stark, vice president of finance and business development at Cielo, said that without the stimulus funding the joint venture wouldn’t be possible. “Thanks to the strong policy push and a recovering financing environment, wind projects in the U.S. are attracting developers and investors alike once again,” he said.

Financing for wind power all but dried up in the credit crunch and subsequent recession. Because many U.S. wind financiers and developers were running losses on their balance sheets, they couldn’t take advantage of tax credits for renewable-energy production. Rating :
(4 Ratings)You have rated

Never in my right mind did I ever think I would be announcing a MAJOR CONTRACT with the great state of TEXAS for a Chinese Wind Farm……..600 MW , 240 2.5MW Wind Turbines from Shenyang Power Alliance and APWR for the CIELO Wind Group out of Texas……….there is a LOT of financing, dealing, and other work involved but this one single contract will lift APWR from $11 today to $30 end of 2010 (IN MY EGO OPINION)

1.5 BILLION does alot for a small cap company doing 320 Million per year in revenues and this contract does NOT include the soon to be announced Thailand or MACAU contracts for APWR and Shenyang Power Alliance with China, the UPSIDE IS UNLIMITED from here (IMHO)……….and OBAMA flying to China Nov 15th to talk Green Energy projects and JOINT ALLIANCES USA can sign with China, this is a MAJOR FIRST STEP for China and the Obama Administration! CONGRATS to OBAMA and CHINA for having the vision to save our mother earth!

SHENYANG, China, Oct. 29 /PRNewswire-Asia-FirstCall/ — A-Power Energy Generation Systems Ltd. (Nasdaq: APWR – News; “A-Power” or the “Company”), a leading provider of distributed power generation (“DG”) systems in China and a fast-growing manufacturer of wind turbines, announced today that the Company has been designated to supply wind turbines to a China-U.S. joint venture project (“JV Project”) to develop a 600MW wind farm in West Texas.

Related Quotes
Symbol Price Change
APWR 11.10 +1.36

{“s” : “apwr”,”k” : “c10,l10,p20,t10″,”o” : “”,”j” : “”} At a joint press conference held today at 12 p.m. EDT, at the National Press Club of Washington, D.C., it was announced that Shenyang Power Group (“SPG”), the U.S. Renewable Energy Group (“US-REG”) and Cielo Wind Power LP (“Cielo Wind”), signed a joint venture framework agreement (“JV Agreement”) setting forth plans for developing the 600MW wind farm. The terms of the JV Agreement include the JV Project’s plans to sign a definitive purchase agreement with A-Power related to the purchase of up to 240 units of 2.5MW wind turbines. The JV Agreement includes a delivery schedule starting in March 2010, subject to SPG securing third-party financing, among other conditions. A-Power currently has an annual production capacity for 1.1GW of wind turbines at its 320,000-square-foot facilities in Shenyang. A-Power is a shareholder of SPG.

The JV Project, which when established will be 49% owned by SPG, with the rest of the equity ownership held by US-REG and Cielo Wind jointly, is expected to be one of the largest wind farms in the United States. Upon completion, it is anticipated to generate enough electricity for 180,000 homes in America. The JV Project is expected to cost in total approximately $1.5 billion, a portion of which is designated for wind turbine purchases, and its establishment is subject to, among other things, further due diligence by the parties, the securing of financing from commercial banks in China, and other project development conditions.

“A-Power welcomes the opportunity of participating in this high-profile wind power project in the United States,” said Mr. Jinxiang Lu, Chairman and CEO of A-Power and CEO of SPG. “As both a supplier to the JV Project and an equity-owner of SPG, A-Power will be able to export its wind turbines for the first time and reduce its exposure to the intrinsic risks associated with such a large-scale project. We like the tremendous opportunities in the United States, which is the world’s largest wind power country. We are cognizant of the recent policy push by the Obama Administration in the renewable energy sector, and a stabilizing financing environment for renewable energy projects. And we are attracted to the track record of Cielo Wind, the largest privately held wind power project development company in the Southwest United States, with a 16% market share for wind power installation in Texas. In this JV Project, and the sales we expect to make to the joint venture, all of A-Power’s previous investments — in production scale, in foreign technology licenses, and in alliance with other power plant service companies — are expected to come to fruition, and we look forward to entering into a sales agreement with the JV Project and moving ahead with the production schedule as set forth in today’s JV Agreement.”

Vestas is going to blow the roof off if Vestas hits these aggressive targets of 15 billion Euros in 2015 with 15% margins ……….this could be HUGE for those investing today

DJIA: 9,882.02 +14.06 (0.14%) | NASDAQ: 2,116.09 -25.76 (-1.20%) | S&P 500: 1,063.40 -3.55 (-0.33%) —Markets closed

Print Format A A A
Vestas keeps 2009 guidance as Q3 tops forecastsBY Reuters
— 2:21 PM ET 10/27/2009
* EBIT rises to 244 mln EUR, beating all estimates

* Company keeps full-year 2009 guidance

* Sees 2010 revenue of 7-8 bln EUR, EBIT margin of 10-12 pct

* Targets 2015 EBIT margin of 15 pct and revenue 15 bln DKK

* U.S. recovery key to hitting medium term targets

(Adds details, quotes; updates share price to close)

By John Acher

COPENHAGEN, Oct 27 (Reuters) – Danish wind turbine builder Vestas beat third-quarter profit forecasts, stuck to its full-year 2009 guidance against expectations of a downgrade and laid out new targets for growth and profitability to 2015.

Shares in Vestas leapt nearly 12 percent to a four-week high before cooling partly but still closing up 7.6 percent at 357.75 crowns, against the trend of the FTSE clean technology index, which fell 0.5 percent.

Chief Executive Ditlev Engel said in a presentation in New York: “For 2010 we are seeing a global market in recovery.”

Much still depends, Engel said, on the speed of recovery in the United States, where orders for wind turbines dropped off steeply during the financial and economic crisis.

But he said he saw determination in the United States to “re-engage in a big way” in the wind energy market.

Earnings before interest and tax (EBIT) at the world’s biggest producer of wind turbines rose to 244 million euros ($366.9 million) in July-September from 160 million in the same quarter last year, Vestas Wind Systems A/S (VWSYF

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) said.

The result beat all estimates in a Reuters survey of 15 analysts, which ranged from 78 million to 223 million euros.

“Both the third quarter and their expectations are extremely positive,” said Jyske Bank analyst Christian Nagstrup.

Prices of some components have come off their 2008 peaks and are unlikely to rise in the near term because of weak economic growth, Vestas said.

Analysts said the better-than-forecast operating results appeared to come from lower costs, including the effect of lay-offs earlier in the year, and a better mix of projects as some projects are more profitable than others.

Vestas stuck to its previous guidance for full-year 2009 revenues of 7.2 billion euros and an operating margin of between 11 and 13 percent, despite widespread expectations among analysts that it would lower its guidance.

Vestas said it expected to announce several billion euros of orders in the coming months to help secure its 2010 outlook.

For 2010 Vestas forecast an EBIT margin of 10-12 percent and revenues of 7-8 billion euros, roughly meeting market forecasts.

Engel said that the 1 percentage point lower guidance for 2010 than for 2009 reflected the uncertainty in the market, but said performance could be at the high end of the range if the U.S. market recovers faster than anticipated.

“In general, Vestas expects that prices and conditions remain unchanged in 2010 relative to 2009,” the company said.

The U.S. market, however, has excess capacity, leading to “unattractive” prices and terms on some projects, it said.

NEW 2015 GUIDANCE

Vestas introduced longer-term guidance, which analysts said was ambitious and contributed to lifting the stock.

“Vestas expects to achieve an EBIT margin of 15 percent and revenue of 15 billion euros not later than 2015,” Vestas said, dubbing the targets its “Triple15″ strategy.

It added that such growth corresponded to its view raising wind’s position alongside fossil fuels as a source of energy.

Alm. Brand analyst Michael Friis Jorgensen said he considered the 2015 guidance “super-aggressive” relative to market expectations and said there were big questions about how Vestas would achieve such a big improvement in margin in a competitive market fraught with overcapacity.

For the last 12 months the credit crunch has dented orders in the wind industry, which have slid from 2007-2008 levels.

ORDER INTAKE

Vestas said 2009 order intake was “a negative surprise”.

Order intake in the year-to-date was 2.1 billion euros at the end of the third quarter, against 6.4 billion in the full year 2008. Despite the drop, analysts said third-quarter order intake beat expectations.

Engel said Vestas had not seen customers cancelling orders already in the orderbook and he added: “These are the firm and unconditional orders.”

Vestas is the world leader with a fifth of the market, ahead of rivals such as General Electric (GE

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) of the U.S., Gamesa and EDP Renovaveis (EDRVF

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) of Spain and Germany’s Siemens (SI

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), Nordex and REpower (RPWSF

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) .

Of the pure-play wind turbine makers, Gamesa and REpower are due to post quarterly results on Nov. 12 and Nordex on Nov. 24. (Additional reporting by Karin Jensen, Henriette Jacobsen and Peter Starck in Copenhagen; editing by Will Waterman and Simon Jessop)

Most of U have no clue as to what the Shenyang Power Alliance is but China and APWR are building a green dragon and about to unleash the green power dragon on the rest of the world. Thanks to InvestForth for writing up the following post/link for the financial manuever that 99.99999999% of all Americans have NO CLUE about and is coming to APWR:

In previous posts regarding “A-Power and Liaoning Equipment Investment & Operation Reach Strategic Cooperation Agreement,” some asked what does going public mean. According to the original Chinese version Shenyang Government Meeting Minutes, dated June 8, 2009, Shenyang Power Group is to aim for public listing in 2010. (I still think 2010 seems a bit “rushed,” but there is such a plan all along.)

Below is one of my old posts. I just checked, the links are no longer there, and the stock price and investment returns numbers will need to be updated, but the points I wanted to make across remain the same.

———————-

APWR 2009-06-19 Shenyang Power Group to Aim for public listing in 2010

When Comparing the English version press release (link 1 below) and original Chinese version Shenyang Government Meeting Minutes (link 2 below, from Liaoning Hi-Tech, or GaoKe, Energy Group website) regarding Shenyang Power Group, I found that 2 important points outlined in the Chinese document were not in the brief English press release:

http://finance.yahoo.com/news/APower-Ene…

http://www.lngkny.org/gnly-show.asp?colu…?????????A-Power????

(1) To aim for Shenyang Power Group to complete public listing in 2010
(2) [Shenyang] Government to provide guaranty for projects undertaken by the Group

Basically, APWR will subsequently own (a) 60% of a public-listed company with strong government backing and guaranty (and preferential funding supports), (b) 100% of a DG business consisting of projects of up to $100M per project, (3) 100% of a high-quality, premium wind turbine business (with Fuhrlander, Norwin, and GE as partners), and (4) a few JVs. [It is conceivable that wind business can be carved out and public-listed in the future as well.]

Of course, it will all depend on execution. (And 2010 seems a bit “rushed.”) But there is no reason to believe that as a holding company APWR, currently having a market cap of about $340M ($8.42 * 39.96M shares, which is 34.7M + 5.26M shares, taking into account converts and warrants), can not be a $4B to $10B company in A FEW YEARS. It could potentially be a 12 to 29-bagger investment. (Note: APWR’s Wind turbine competitor Goldwind currently sports a market cap of about $4.5B, downed from about $10B in early 2008.)

Mr. Lu, a shrewd businessman, has not sold a single share of his vast holding going back to Jan. 2008. http://finance.yahoo.com/q/it?s=APWR I bet his vision of APWR one day becoming a premium alternative energy company internationally, not just in China, will become a high-probability outcome. (You should do your own DD before placing your bet.)