The future of APWR just changed today as the start of shipping and receiving revenues begins in earnest for APWR and shareholders will see more and more wind turbine contracts coming for 2010 and beyond. The Shenyang factory has a capacity when fully operating of 1100MW’s of wind turbines per year which translates into about 2 billion dollars in gross revenues. The future looks much brighter for APWR going forward.

Press Release Source: A-Power Energy Generation Systems, Ltd. On Wednesday January 27, 2010, 9:25 am EST
SHENYANG, China, Jan. 27 /PRNewswire-Asia-FirstCall/ — A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR) (“A-Power” or “the Company”), a leading provider of distributed power generation (“DG”) systems in China and a fast-growing manufacturer of wind turbines, today announced it has delivered 10 units of 2.7 MW wind turbines in China.

On September 16, 2009, the Company signed a “full-responsibility” contract to develop a 49.5MW wind farm in the township of Saiwusu, Guba County, Inner Mongolia, for the Urat Rear Banner-based Jihe Orient Wind Energy Co., Ltd. The first 5 turbines were delivered today.

On October 14, 2009, the Company signed another contract to develop a 19.5MW wind farm in the Donggang, Rizhao City of Shandong Province. The first 5 turbines for this wind farm were also delivered today.

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