Cielo Wind In First U.S.-China Utility-Scale Wind Power Joint Venture

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The U.S. Renewable Energy Group and Cielo Wind Power have entered into a joint venture agreement with China's Shenyang Power Group to construct a 600 MW wind farm across approximately 36,000 acres in Texas.

The agreement marks the first time that U.S. and China entities will jointly develop a utility-scale wind power project.

According to the agreement, commercial banks in China are expected to finance the $1.5 billion project.

Austin, Texas-based Cielo Wind develops, owns and operates more than 1,100 MW of installed capacity in the Southwest.

A-Power Energy will supply 240 2.5 MW turbines, which will be manufactured at A-Power's Shenyang production facilities. A-Power is expected to start shipping the wind turbines in March 2010 and will complete delivery by March 2011.

Shenyang Power Group is a power industry alliance based in Shenyang, China.

SOURCE: A-Power Energy Generation Systems

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