CleanTech Innovations Inc. has signed two initial wind tower supply contracts totaling $11 million with a subsidiary of China HuaNeng Group. CleanTech is expected to supply the wind towers to HuaNeng this year.
The completion of $20 million in bridge financing with institutional investors in December 2010 made it possible for CleanTech to submit contract bids to HuaNeng. CleanTech anticipates winning additional wind tower supply contracts throughout this year, according to the company.
SOURCE: CleanTech Innovations Inc.