17 Nov
Sen Shumer needs to take a back seat with his political mouth and get into reality and green power for the people with green jobs coming to USA from China! How can this hypocritical senator endorse money and jobs from foreign countries like Spain and Germany when the jobs and wind plants go into New York and yet when the Chinese offer us a USA plant with 1000 jobs, the fine hypocritical Senator still calling foul ?? Sometimes, political mouths need to be silenced and called out as the fine Senator sure likes foreign wind turbine makers and foreign money inside New York but anywhere else, he is crying foul to Secy Chu . Get over it Shumer, every Dutch, German , and Spanish firm who builds and finances a Wind Farm inside USA gets stimulus money, that is what it was created for , incentives to Wind Farms and create USA jobs.!!
Nov. 17 (Bloomberg) — China’s A-Power Energy Generation Systems Ltd. jumped to a five-month high after announcing plans to build a factory in the U.S. to supply wind energy turbines for renewable energy projects in North and South America.
The facility will produce 1,100 megawatts of wind engine turbines annually including the machines for a $1.5 billion wind farm venture in Texas, and hire about 1,000 workers, according to a statement from the U.S. Renewable Energy Group, a private equity firm and A-Power’s partner in the project. The location of the U.S. plant wasn’t disclosed.
The decision to build the plant in the U.S. muted criticism from U.S. Senator Charles Schumer, who two weeks earlier said the Obama administration should bar the 600-megawatt wind farm in Texas from receiving U.S. government stimulus funds because most of the power turbines would be made in China.
“This is exactly what stimulus funding ought to do: create and strengthen green manufacturing jobs in America, even if that slightly slows renewable energy production as we play catch-up to countries like China,” Schumer said in a statement today.
A-Power’s announcement is “helping the stock today,” said Pavel Molchanov, a Houston-based analyst with Raymond James & Associates. “This further solidifies the project for investors.” He kept his “outperform” rating on the stock.
Liaoning, China-based A-Power’s shares climbed 17 percent to $13.56 at 4:02 p.m. in New York trading, the highest price since June 10. The stock has more than tripled this year.
The U.S. and Chinese companies made the announcement as President Barack Obama wrapped up his first trip to China today pledging to continue the strategic and economic dialogue between the two countries.
(((is Shumer a Chinese racist???? its OK for Dutch, German and Spanish stimulus money to be spent but NOT the Chinese ???))
Leave a reply