CleanTech Innovations Inc., a U.S. public company with primary operations in China, has won a $4.4 million initial contract to supply wind towers to a subsidiary of China Guodian Corp.
As of June 2010, China Guodian had total assets of $68.5 billion. The contract represents approximately 20% of CleanTech's 2010 revenues, according to the company.
‘CleanTech is in a strong financial position to continue to bid on new contract opportunities and anticipates winning additional wind tower supply contracts throughout 2011,’ says Bei Lu, Chairman & CEO of CleanTech.Â
SOURCE: CleanTech Innovations Inc.