APWR Building USA Wind Turbine Plant Empoying 1000 in Nevada
Author: skibare11 Mar
Dear Senator Shumer:::
Some senators run their mouths alot and some Senators like Harry Reid actually produce jobs for America. APWR is going to build a 320,000 square foot plant employing 1000 USA Workers in Nevada. While some senators try and KILL the USA WIND Business, other senators are busy providing jobs to their states. Maybe Senator Shumer, you should try providing jobs instead of running your mouth alot about an American University report that is so poorly written, its almost comical. Senator Shumer, this is your day to SEE how a US SENATOR like Harry Reid DELIVERS JOBS to Nevada.
APWR obviously has the TEXAS WIND FARM deal wrapped up and financed if they are going to build the USA Wind Turbine Plant. I am NOT the sharpest blogger in WIND but i would guess I have the largest position in APWR stock of any blogger in the world. And, today, APWR rockets north. ONE BILLION revenue from wind power alone coming to APWR in 2011 so all of you doubters can keep on doubting and I , like APWR will keep on building the reader base and investor base into the “”"”NEXT FIRST SOLAR”"”‘ of China who is building in USA.
Press Release Source: A-Power Energy Generation Systems, Ltd. On Thursday March 11, 2010, 7:00 am
WASHINGTON, March 11 /PRNewswire-Asia-FirstCall/ — The U.S. Renewable Energy Group (US-REG), A-Power Energy Generation Systems, Ltd. (Nasdaq:APWR – News), and American Nevada Group (“ANC”) today announced the development and construction of a new production and assembly plant in Nevada that will supply highly advanced wind energy turbines to renewable energy projects throughout North and South America. The state-of-the-art facility will be approximately 320,000 square feet with annual production capacity of 1,100 megawatts of wind energy turbines annually, enough to power 330,000 homes. The facility is expected to employ approximately 1,000 Nevada workers and create even more jobs during the construction process. ANC will identify potential sites for the facility and will develop the facility for the group.
United States Senate Majority Leader Harry Reid (D-NV) is a leader in developing America’s renewable energy sector and his commitment to the sector and to promoting investment in Nevada was instrumental to the decision to locate the new facility there. The wind turbine production and assembly plant will create over 1,000 high paying long-term jobs in Nevada and provide a major financial boost to the local and surrounding economies. The affordable real estate in Nevada and the proven track record of Nevada’s skilled workforce made Nevada the ideal location for the assembly and production plant. In addition to production and assembly at the new plant, most of the key wind turbine components will be made by domestic U.S. manufacturers. When A-Power selects a suitable site, it intends to arrange the financing of the costs of site acquisition and the construction and operation of the assembly facility from its own funds.
25 Responses for "APWR Building USA Wind Turbine Plant Empoying 1000 in Nevada"
Yes, finally it happens…. Long on APWR.
Updating APWR technical position.. Currently short position has moved upward to 31% of float or approx 7.5 million shares. Considering heavy trading in the upward position it would take 3-4 upward moving days to clear these positions. Myself i would like to see these shares steadily moved out as to keep any gaps from forming to keep the stock on steady ground in the mid 20 range. My opinion is that the SP will break $30 in 2010 easily. One factor that many do not factor with the companies SP is the fact that they sit with nearly $3 per share of COH. That puts the real SP today at $10. The perfect upward storm is forming so this should get very interesting in the next 30days or so.
To put this Major Short Position into perspective, a typical short position within a weak company might hit 7-10% where average short %’s typically run in the 2-4% range. 31% is a monster number of must covers especially if positive news breaks and institutions are trying to raise their share count at the same time. Get ready to wave goodbye to the $11 to $12 range for good. The $12.50 gap has been filled and no gaps exist up thru the 52 week high. The next pause should happen between the 16.50 to 18 range.
Really though, while this news is good there’s no huge move nationally to incentivise wind, that I know of. Actually, there is a incentivisation of more nuclear, unfortunate. Write your congressman and tell them to stimulate wind, financially.
I look forward to another nice PR very soon on the TEXAS FINANCING in place and off to the races we go north!
Hey Ski, you nailed it! You announced that Nevada plant ages ago. Is Furlander going to be involved in this?
Ski, I have a feeling you might see your initial $38 target in 2010….
well, I think I announced Nevada back in early January didnt I ???????? YEP, never bet against the ole EAGLE EYE on Wind Power and APWR!
nuclear too expensive
nuclear too long till a plant can be built
nuclear no financing
nuclear, no solution to spent fuel
Nuclear,, NO WAY!
When it comes to Nuclear lets also not forget that the United States also has tried to shut down nuclear programs in Iran and North Korea. Politically Nuclear is a sensitive issue. Wind and Solar on the other hand are no threat to humanity. Advancements in Wind and Solar will only escalate the worlds use of these alternate and very clean energy sources.
I’m extremely concerned over the below – How can APWR be expected to fill orders for thier new 1.1 GW factory in China if the government is forcing the idling of 40% of existing capacity??? This makes no sense at all – all I’ve seen in articles are ridiculous forecasts for wind demand over the next 2-5 years and this? If demand were there the government would not be idling plants!
This is alarmging to say the least and I say that as a long.
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China Idles 40% of Windpower Turbine Output Capacity (Update5)
Mark, there are around 70 very small wind turbine makers who produce 300w, 500w, 750Kwh, and many other small and medium wind size wind turbines……….closing those down will not effect APWR since APWR makes a 2.7MW Wind Turbine, the LARGEST out there in CHINA……….if U are building a 100MW wind turbine, do U want to dig, install , build 200 Wind Turbines and 200 towers and 200 footers and 600 wind blades or do U build 33 huge 2.7mw wind turbines and wind towers ??????????
I did google the 300-500 W range and did see a boat load of Chinese manufacturers so you might be on to something – if there is no demand then the companies should just run out of money and go out of business (at least that’s what would happen here in the States) – If there is no demand for thier products why would the Chinese Government have to force them to “idle”? Is the PRC financing these outfits?
A question for Connorport. What is the COH that you are using to adjust Share Price on APWR?
Also there was a twitter remark in the past concerning the Bloomberg article re: cutting off loans in China. Any comments?
Thanks for all the info that many people have provided. I am glad to have found the web site here to keep up with the developing APWR story. Owning Apwr for several years has been a very interesting process to say the least.
thanks for stopping by………how did U find this website ??? If U like it, tell a freind!
Current reports list APWR COH position at a little over $90 million. the real number would be about $2.70 per share currently. The information was retrieved from a Reuters report updated on the 11th. What most are forgetting is that APWR continues to stay clear from mounds of debt. I like the low debt stance we have seen so far although i would rather see convertibles issued than unfavorable terms on stock issue and exchange.
My opinion is that loans will go forward when it comes to the overseas market. In other words they will invest in farms in the US but may try to slow growth in China. Goldman issue comments speculating oil would surge to well over $100 a barrel and my opinion stays the same there as well. Currently China’s growth is and will affect oil prices dramatically but China must control its local growth. Mass consumption of resources like oil would send us back into a global meltdown. I work in the Industry of Smartgrid implementation and one area utilities do not cut is upgrading their systems. They can’t, noway around it. APWR will continue to improve and so will the SP. All technical indicators says the downside potential is very minimal and upside potential is enormous. Patience is all one will need to see huge gains on this equity.
will the TEXAS WIND FARM get financed ???? This Texas deal is the ticket to $20 per share almost instantly
I sent the link to my friend in Colorado who showed me APWR in 9/2008. As I said what a ride up down and now working back up in fits. I’ve been interested in Wind for a number of years, owning VWSYF before it came to the US via VWDRY ADR. I’m not sure how I got to Wind4Me, but I remember reading a bio by a person who said he was a nuclear power person for years, then focused on wind. I’d like to ask him about LTBR but can’t find him.
But I’ll ask here about comments on an ancillary wind product, the resin transformers built by JST. Any comments?
that was ME that was a NUKE
what is LTBR?? will look it up……….glad U found us, tell a freind!
if NEVADA wind turbine plant, ”””then””” Texas deal is next to be announced
Skibare, I thought it was you but I couldn’t find your bio again. Anyway, great news today on the FULL CAPACITY. Looking forward to a SHORT SQUEEZE, too.
LTBR is a nuclear consulting company that has developed a non-proliferative fuel seeded within a Thorium pod of some sort. It has roots in the earliest nuclear plant but the technology was jettisoned. Might be worth it to check it out.
Any thoughts on Jinpan? Do they work in USA? The resin transformers are reportedly ideal for building with wind power transmission systems.
LTBR is a dream………..nothing more
RUN AWAY…….the loss in EPS tells the story of the dream……..U need to come into reality with wind power
Hi Ski- happen to come across this in a Street.com article about China and it sort of supports my thoughts on how it will be determined which wind companies will be “idled”. Just wanted to share.
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How it will go down there
There are around 100,000 Chinese SOEs (State Owned Enterprises) — about a third as many as during Mao’s time — many of them inefficient and unprofitable. To promote efficiency and economic growth, the government forces them out of business by barring state-owned banks from lending them money or by simply transferring their assets to more efficiently run subsidiaries.
In short, companies with superior managerial skills and access to capital can swallow poorly run companies for a tiny fraction of their true worth, turn them to profitability, pay down their debt or issue new shares, and repeat the process.
And a market environment that is adding pressure on the least-profitable SOEs is only accelerating this phenomenon. The result is one of the fastest-growing economies in history — and the winners have largely been predetermined.
sounds like that might work to me, thankfully, APWR has the 2.7MW large wind turbines so I am not worried about China shutting us down, more worried with HOW is APWR going to produce and meet all the contracts!
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