who is APWR ??? Who is Cielo?? who is US-REG??? who is Shenyang Power Group??? and why did a Chinese wind turbine maker choose TEXAS for their first major 600MW Wind Farm???

Answer:: where U see one deer, there are usually more in the shadows ready to jump into your path along the way to the highway of prosperity……….a journey of a thousand miles begins with one step forward, its time to ”’RECON”’ US-REG, Cielo, and APWR moving forward!

U.S. RENEWABLE ENERGY GROUP, CHINA’S SHENYANG POWER GROUP, AND CIELO WIND POWER TO DEVELOP A 600 MW WIND FARM IN TEXAS
October 29th, 2009 | Published in Press Releases, Top Stories | 1 Comment

For Immediate Release: Thursday, October 29, 2009
Media Contact: Jeff Sheldon (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.”