EIN Presswire: Wind Energy Live Feed Press Releases

Election of members to the Board of Directors of Vestas Wind Systems A/S

Wed, 08 Feb 2012 03:12:27 +0000

At Vestas Wind Systems A/S’ board meeting discussing the annual report for 2011, the chairmanship, Bent Erik Carlsen and Torsten Erik Rasmussen, informed the Board that they will not stand for re-election for the Board of Directors at the Annual General Meeting on 29 March 2012.

Furthermore, board member, Freddy Frandsen, informed the Board that he will not stand for re-election.

The remaining board members elected by the annual general meeting have all informed the Board that they will stand for re-election.

Contact details
Vestas Wind Systems A/S, Denmark
Bent Erik Carlsen, Chairman of the Board of Directors

via Kristian Skipper-Pedersen
Tel.: +45 4161 0344

Annual report 2011

Wed, 08 Feb 2012 03:10:00 +0000

Summary
2011 was a very challenging year for the wind industry. The same applies to Vestas which had to issue two profit warnings and abandon its Triple15 targets. In 2011, Vestas recorded revenue of EUR 5.8bn and an EBIT margin before special items of (0.7) per cent, slightly below the preliminary financial figures for 2011 announced on 3 January 2012 due to later-than-expected deliveries.

The results and revenue for the year are, however, substantially lower than the original expectations of an EBIT margin of 7 per cent and revenue of EUR 7bn, which is disappointing. It should be emphasised that the projects in questions have not been cancelled but postponed and that they are expected to be handed over and recognised as income in 2012, however, at a lower contribution margin due to higher costs than originally anticipated.

On the other hand, the intake of firm and unconditional orders of 7,397 MW with a value of EUR 7.3bn, was in line with expectations.

Net working capital amounted to EUR (71)m, an improvement of EUR 743m. The improvement was attributable especially to the reduction of component inventories following a successful make-to-order implementation, higher pre-payments and trade payables.

Outlook

Based on, among other things, input from a number of the company’s large shareholders, Vestas has decided to reduce the number of outlook parameters it provides to the public. Furthermore, Vestas has decided to introduce guidance ranges for earnings (EBIT), revenue and the free cash flow to take into account the heavy fluctuations characterising these items depending on timing of order intake, production, shipments and final delivery to the customers.

For 2012, Vestas expects to achieve an EBIT margin of between 0-4 per cent and revenue of EUR 6,500-8,000m, including service revenue, which is expected to rise to approx EUR 850m with an EBIT margin of around 14 per cent. The EBIT margin will be adversely affected primarily by too high production costs for the V112-3.0 MW turbine and the GridStreamer™ technology, which will be reduced in the course of the year and by an expected increase in depreciation and amortisation charges of approx EUR 100m. Total warranty and product provisions are expected to account for less than 3 per cent of the expected revenue for the year.

Shipments which are expected to increase to approx 7 GW with the present production plans will peak in the middle of the year, while deliveries may fluctuate heavily over the quarters. It should be emphasised that Vestas’ accounting policies only allow it to recognise ”supply-only” and ”supply-and-installation” projects as income when the risk has finally passed to the customer, irrespective of whether Vestas has already produced, shipped and installed the turbines. Disruptions in production and challenges in relation to wind turbine installation, for example bad weather, lack of grid connections and similar matters may thus cause delays that could affect Vestas’ financial results for 2012.

Total investments are expected to be EUR 550m, of which investments in intangible assets are expected to amount to EUR 350m, which among other things, includes higher investments in the development of the V164-7.0 MW offshore turbine. Total research and development expenditure is now expected to amount to EUR 450m in 2012. The lower investments in intangible assets and R&D expenditure are caused by a more focused R&D organisation.

The free cash flow is expected to positive in 2012.

Press and analyst meeting in Aarhus, Denmark
Wednesday, 8 February 2012 at 2 p.m. (CET).

In connection with the disclosure of this annual report, an information meeting will be held today, Wednesday at 2 p.m. (CET) for analysts, investors and the media at:

Vestas Wind Systems A/S
Hedeager 44
8200 Aarhus N
Denmark

Further details at www.vestas.com/investor.

Any questions may be addressed to Ditlev Engel, President and CEO or to Lars Villadsen, Senior Specialist, Investor Relations, telephone +45 9730 4593.

Company announcement No. 8/2012
Track record as of 31 December 2011

Change in the Executive Management of Vestas

Tue, 07 Feb 2012 21:10:00 +0000

The Board of Directors of Vestas Wind Systems A/S has today received a thorough briefing on the conditions which during the last months have led to profit warnings. As a consequence of this, CFO and Deputy CEO, Henrik Nørremark resigns.

Contact details

Vestas Wind Systems A/S, Denmark
Bent Erik Carlsen, Chairman of the Board of Directors

via Kristian Skipper-Pedersen
Tel.: +45 4161 0344

Clean Wind Energy Tower, Inc. Pays Off Convertible Note

Tue, 07 Feb 2012 19:32:09 +0000

Clean Wind Energy Tower, Inc. Pays Off Convertible Note

PR Newswire

ANNAPOLIS, Md., Feb. 7, 2012 /PRNewswire/ -- Clean Wind Energy Tower, Inc. (OTCBB: CWET), (the "Company") announced today that the Asher Enterprises, LLC, note, convertible into common stock, entered into on July 27, 2011, in the amount of $45,000 was paid off in cash. No shares of the Company's common stock from this note are being held in reserve for conversion.

Ronald W. Pickett, Chairman and CEO, stated "The Company is pleased to report the timely repayment of this incremental financing."

About Clean Wind Energy, Inc.

Clean Wind Energy, Inc. a wholly owned subsidiary of Clean Wind Energy Tower, Inc., has designed and is preparing to develop, and construct large "Downdraft Towers" that use benevolent, non-toxic natural elements to generate electricity and clean water economically by integrating and synthesizing numerous proven as well as emerging technologies.

Our Company's core objective and focus is to become a provider of clean efficient green energy to the world communities at a reasonable cost without the destructive residuals of fossil fuel, and to help broker the chasm between both, while continuing to generate innovative technological solutions for today and tomorrow's electrical power needs.

Abundant, Clean, Affordable Energy

As designed, the Company anticipates that each Downdraft Tower could generate enough electricity to power up to 1,600,000 homes using the guidelines set forth in the California Statewide Residential Appliance Saturation Study, 2004. As an independent power producer of clean renewable energy, the Company will not be selling power directly to consumers but rather to the grid.

In addition to constructing Downdraft Towers in the United States and abroad, the Company intends to establish partnerships at home and abroad to propagate these systems and meet increasing global demand for clean water and electricity. Clean Wind has assembled a team of experienced business professionals, engineers and scientists with access to the breakthrough energy research upon which this technology is founded and the proven ability to bring the idea to market. Clean Wind has filed several patents that the Company believes will further enhance this potentially revolutionary technology. Clean Wind Energy, Inc. is based in Annapolis MD, and is traded on the OTCBB under the symbol 'CWET'.

Contact:
Clean Wind Energy, Inc.
1997 Annapolis Exchange Parkway Suite 300
Annapolis, Maryland 21401
Phone: 410-972-4713
E-mail: Info@cwetower.com
www.cleanwindenergytower.com

Investor Relations
Jody Janson
Phone: (855) 848-6937
Email: ir@cwetower.com

Cautionary Note Regarding Forward-Looking Statements

Statements included in this release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's various filings with the Securities and Exchange Commission (SEC).

SOURCE Clean Wind Energy Tower, Inc.

MY Signed EPC Contracts for 125 MW Wind Power Projects in Bulgaria, and Shipped First Batch of Wind Turbine Generators

Tue, 07 Feb 2012 11:15:06 +0000

MY Signed EPC Contracts for 125 MW Wind Power Projects in Bulgaria, and Shipped First Batch of Wind Turbine Generators

PR Newswire

ZHONGSHAN, China, Feb. 7, 2012/PRNewswire-Asia/ -- China Ming Yang Wind Power Group Limited ("Ming Yang" or the "Company") (NYSE: MY), a leading wind turbine manufacturer in China, today announced that Ming Yang Wind Power (International) Co. Ltd ("Ming Yang International"), a subsidiary of Ming Yang, entered into certain Engineering, Procurement and Construction contracts ("EPC contracts") with W. Power EOOD and A1 Development EOOD (together the "W. Power"), respectively, for two wind power projects with a total capacity of 125MW in Bulgaria in December 2011. The first batch of wind turbine generators (the "WTGs") with three units of MY1.5MW WTGs for the 4.5MW pilot project in Somovit was shipped on February 6, 2012. W. Power is an international wind power developer engaged in investing in and developing wind power projects in Bulgaria, Romania and other Eastern European countries.

Under the EPC contracts, Ming Yang International will provide W. Power with a total EPC solution including design, engineering, procurement, construction, commissioning and all other services that are required to complete these wind power projects. With a strong position in Europe, W. Power is expected to help facilitate future business opportunities in addition to providing local market support for Ming Yang International.

The 4.5MW pilot project in Somovit is expected to be completed and commissioned by July 2012. The 120MW project in Milkovitsa is scheduled to commence in the second half of 2012. MY 1.5S MW WTGs have successfully obtained the CE verification, which was issued by Intertek Testing Services Shenzhen Ltd. Guangzhou Branch ("Intertek"). Intertek is a leading provider of quality and safety solutions serving a wide range of industries around the world.

"This represents a significant milestone of Ming Yang's overseas market development, marking an important step in extending our footprint in mainstream European markets," said Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang. "Our strategic partnership with W. Power is a strong endorsement of our capabilities and innovative business models for overseas markets, which are designed to provide total EPC solutions by combining equipment, technology, capital and financing support.

"With our robust advantages in cost, technology and total EPC solution capabilities, we believe that we are well-positioned to gain further traction in overseas markets, continue to build and strengthen our presence in other prospective overseas markets including East Europe, South Asia, South Africa and South America."

About China Ming Yang Wind Power Group Limited

China Ming Yang Wind Power Group Limited (NYSE: MY) is a leading and fast-growing wind turbine manufacturer in China, focusing on designing, manufacturing, selling and servicing megawatt-class wind turbines. Ming Yang produces advanced, highly adaptable wind turbines with high energy output and low energy production costs and provides customers with comprehensive post-sales services. Ming Yang cooperates with aerodynEnergiesysteme, one of the world's leading wind turbine design firms based in Germany, to develop wind turbines and share intellectual property rights. Ming Yang's key customers include the five largest state-owned power producers in China, with an aggregate installed capacity accounting for more than 50% of China's newly installed capacity in 2010. For further information, please visit the Company's website: www.mywind.com.cn

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target" and similar statements. Such statements are based upon management's current expectations, results of and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Ming Yang's control, which may cause Ming Yang's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Ming Yang's filings with the U.S. Securities and Exchange Commission. Ming Yang does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

For investor and media inquiries, please contact:

Investor and Media Contacts:
China Ming Yang Wind Power Group Limited
Calvin Lau Phone: + 86-760-2813-8898 Email: calvin.lau@mywind.com.cn http://ir.mywind.com.cn

Fleishman-Hillard
Hong Kong Pamela Leung Phone: + 852-2530-0228 Email: hkg.mingyang@fleishman.com

SOURCE China Ming Yang Wind Power Group Limited

Major shareholder announcement – Capital Research and Management Company

Tue, 07 Feb 2012 09:10:00 +0000

Vestas has been informed that Capital Research and Management Company (CRMC), a 100 per cent owned subsidiary of The Capital Group Companies, Inc. (CGC), USA has reduced their holding of Vestas shares from 10,651,072 shares (ref. company announcement No. 37/2010 of 28 September 2010) to 10,143,805 (4.98 per cent).

Contact details
Vestas Wind Systems A/S, Denmark
Lars Villadsen, Senior Specialist, Investor Relations
Telephone +45 9730 0000

Sky Harvest to develop gas storage project in Turkey

Mon, 06 Feb 2012 16:11:00 +0000

Sky Harvest to develop gas storage project in Turkey

PR Newswire

Symbol: SKYH:OTC Markets

VANCOUVER, Feb. 6, 2012 /PRNewswire/ - Sky Harvest Windpower Corp. ("Sky Harvest" or the "Company") is pleased to announce that it has formed a joint venture corporation under the name Levant Energy Inc., a British Columbia corporation, for the purposes of developing underground natural gas storage plants in the Republic of Turkey. Sky Harvest will initially hold a 65% interest in the joint venture by investing $500,000 in the newly formed subsidiary. The investment is subject to certain conditions, including Sky Harvest's completion of further equity or debt funding in order to finance the acquisition. The joint venture intends to use these proceeds to identify and commence securing proposed natural gas storage sites, as well as starting associated permitting processes. It is anticipated that Sky Harvest's interest in Levant Energy Inc. will be diluted as additional funds are raised.

Turkey is experiencing rapid economic growth and is strategically positioned as a natural gas hub between Europe and the producing gas fields in the Northern Caspian and Middle East regions. As the 16^th largest economy in the world, Turkey's increasing domestic power consumption and its need to use traditional power generation sources to supplement its emerging wind power sector during times of peak power demand are increasing its need for natural gas. As well, Turkey must meet European Union natural gas directives that require pipelines supplying Europe to have access to a nominal 20% of volumes stored as natural gas to ensure security of supply. Currently, Turkey's installed storage capacity is approximately 4% as there are only two adjacent, seasonal, natural gas storage sites operating in the country with one additional site to be developed. In contrast, there are over approximately 750 independent natural gas storage firms in Canada and the USA. Sky Harvest believes that Turkey's needs represent a great opportunity for the Company through the development of natural gas storage facilities in the country.

Concurrently, Sky Harvest has entered into an agreement with Mr. Bertan Atalay of The Hague, Netherlands whereby he will act as President and CEO of Levant Energy Inc. Mr. Atalay has over 20 years of experience in project engineering, private and public company management, and gas and renewable energy development in both North America and Europe. He previously acted as Chief Operating Officer and a director of Finavera Renewables Inc., a Canadian wind energy and wave power technology developer. Mr. Atalay has also held business development and management positions with Northland Power Inc., Shell Wind Energy, and Enron Europe Limited. He holds engineering degrees from Middle East Technical University in Ankara, Turkey and the University of Toronto, as well as an MBA in Finance from the University of British Columbia. He was also an exchange scholar of the London Business School.

In addition to operating Levant Energy Inc., Mr. Atalay has also agreed to act as a consultant to Sky Harvest for the purpose of introducing the Company to additional acquisition opportunities in renewable energy and related sectors, including wind power development opportunities in North America, Turkey, and other regions of Europe. Sky Harvest will compensate Mr. Atalay based on the successful completion of such transactions with a success fee equal to 10% of the transaction's value.

In connection with the joint venture formation, Sky Harvest's President, William Iny, stated, "We are excited about the energy sector opportunities that exist in the Republic of Turkey and look forward to working with Mr. Bertan Atalay to generate more value for our stockholders. Mr. Atalay's experience in the power industry, and his knowledge of Turkey's energy infrastructure, make him a great asset to the joint venture. We believe that this project will complement our current portfolio of wind power properties and allow us to potentially become a diversified energy provider."

The Company also intends to change its name from "Sky Harvest Windpower Corp." to "Sky Harvest Energy Corp." in order to better reflect the nature of its expanding business operations.

Sky Harvest invites shareholders and other interested parties to visit its new website located at www.skyharvestwind.com or contact Sky Harvest at 604-267-3041 locally or toll-free 1.877.700.7021

SKY HARVEST WINDPOWER CORP.

William Iny, President

Sky Harvest Windpower Corp. is a United States and British Columbia reporting issuer involved in development stage wind power projects located in southwest Saskatchewan, Canada. Wind speed and environmental data relating to the Company's leased properties indicates that the properties host a strong and consistent wind resource that warrants the erection of wind power generation facilities with the potential to generate up to 350 MW of electricity.

Safe harbor for Forward-Looking Statements: Except for statements of historical fact, the information presented herein constitutes forward-looking statements. Forward-looking statements may include financial and other projections, as well as statements regarding the Company's future plans, objectives or economic performance, or the assumptions underlying any of the foregoing. The Company uses words such as "may", "would", "could", "will", "likely", "expect", "anticipate", "believe", "intend", "plan", "forecast", "project", "estimate" and similar expressions to identify forward-looking statements. Any such forward-looking statements are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. However, whether actual results and developments will conform to the Company's expectations and predictions is subject to a number of risks, assumptions and uncertainties. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from those indicated. Forward looking statements in this press release include the following: that our properties host a strong and consistent wind resource that warrants the erection of wind power generation facilities with the potential to generate up to 350 MW of electricity; that the Company will form a joint venture to develop natural gas storage facilities in Turkey; that the Company will proceed with a debt or equity financing to fund the joint venture acquisition; and that the Company will have additional acquisition opportunities due to its consulting arrangement with Bertan Atalay. Factors which may delay or prevent these forward looking statements from being realized include that we may not be able to raise sufficient funds to expand our operations and complete the proposed joint venture, that we may not succeed in developing natural gas storage facilities in Turkey, we may not be able to acquire additional renewable energy assets, actual data may prove different from our current projected data, and we may not encounter suitable acquisition opportunities. Readers should refer to the risk disclosures outlined in the Company's periodic reports filed from time to time with the United States Securities and Exchange Commission on EDGAR at www.sec.gov and with the British Columbia Securities Commission at www.sedar.com.

The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933 or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act of 1933 and any other applicable securities laws. This news release does not constitute an offer to sell, or the solicitation of an offer to buy, the securities, nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

SOURCE Sky Harvest Windpower Corp.

Germany Maps Out Financing Plan for Renewable Energies

Mon, 06 Feb 2012 15:00:00 +0000

Germany Maps Out Financing Plan for Renewable Energies

PR Newswire

BERLIN and ESSEN, Germany, February 6, 2012 /PRNewswire/ --

E-world energy and water 2012

Germany recently passed the 20 percent mark for renewable energy in the electricity mix. And the federal KfW bank group has introduced a new plan to further accelerate this shift to renewables, with increases in multimillion euro business loans now available. As more renewable energy is generated, energy management and storage are also receiving increased focus. Germany Trade & Invest, together with representatives of Germany's six E-energy model regions, will be at this year's E-world from February 7-9 in Essen to highlight opportunities for international companies in these growing market segments.

"With such a large share of renewable energy in the mix, it is becoming more urgent to implement smart grid and storage technologies to balance the fluctuating supply. Germany is making an exceptional team effort to achieve our ambitious goals, with businesses, banks, researchers and the government all working together" said Heiko Staubitz, renewable energy expert at Germany Trade & Invest in Berlin.

The new KfW plan outlines efforts to ease the financial burden of a wide-ranging shift to renewable energy. Previously, loans were available to small businesses for their efforts to move to renewables, and these have been expanded to cover companies with annual revenue of up to 3 billion euro. At the same time, loans are available to support research and development of energy storage, transmission, production, and efficiency techniques with grants up to EUR 25 million, marking an increase.

In light of last year's decision to phase out nuclear power, Germany is further ramping up investments in renewable energy. Already, Germany features the world's strongest photovoltaic market, with nearly half of all global installations worldwide. In wind power, Germany leads Europe in total installations and is currently preparing for a major expansion in the offshore segment.

Germany Trade & Invest is the foreign trade and inward investment promotion agency of the Federal Republic of Germany. The organization advises foreign companies looking to expand their business activities in the German market. It provides information on foreign trade to German companies that seek to enter foreign markets.

Germany Trade & Invest
Andreas Bilfinger
Email: andreas.bilfinger@gtai.com
T: +49(0)30-200099-173
F: +49(0)30-200099-511
http://www.gtai.com
http://twitter.com/gtai_com
http://youtube.com/gtai
http://www.linkedin.com/company/germany-trade-&-invest

SOURCE Germany Trade and Invest

Opportunities for Funding U.S.-Israel Cooperation for Renewable Energy and Efficiency

Mon, 06 Feb 2012 12:57:00 +0000

Opportunities for Funding U.S.-Israel Cooperation for Renewable Energy and Efficiency

New Call for Proposals issued by BIRD Energy, a program sponsored by the U.S. Department of Energy and the Israel Ministry of Energy and Water Resources

PR Newswire

TEL AVIV, Israel, February 6, 2012 /PRNewswire/ --

The current call for proposals announced by BIRD Energy is in its fourth funding cycle for U.S.-Israel joint Project Proposals with a focus on Renewable Energy and Energy Efficiency.

To be considered, a project proposal must include R&D cooperation between two companies or cooperation between a company and a university/research institution (one from the U.S. and one from Israel). The proposal should have significant commercial potential and the project outcome should lead to commercialization.

The following areas of research and development themes are within the scope of this call: Solar Power, Alternative Fuels, Advanced Vehicle Technologies, Smart Grid, Wind Energy or any other Renewable Energy or Energy Efficiency technology.

The conditional grant per project is up to 50% of the R&D costs associated with the joint project, and up to a maximum of $1 million per project.

The application process is web-based and requires prior discussion with the BIRD Foundation. Initial concept submissions are due by May 3, 2012, and full proposals are due by June 28, 2012. Decisions on projects selected for funding will be made by September 6, 2012. Please refer to BIRD's website for submission details - http://www.birdf.com.

BIRD Energy was established following an agreement between the U.S. Department of Energy/EERE and the Israel Ministry of Energy and Water Resources to promote and support joint research and collaborations in the field of Alternative Energy and Energy Efficiency. BIRD Energy is administered by the BIRD Foundation which has been promoting cooperation between U.S. and Israeli companies in various technology areas since 1977.

In addition to BIRD Energy, on December 13, 2011, the BIRD Foundation awarded funding for two additional Alternative Energy and Efficiency projects:

EnVerid Systems (Israel) and Johnson Controls (Milwaukee, WI) will jointly develop a novel air handling technology for reducing energy consumption of HVAC (Heating Ventilation and Air Conditioning).
RAFAEL (Israel) and Covanta Energy (Morristown, NJ) will develop and demonstrates a biomass-to-fuel mobile system.

For more information please contact Ms. Limor Nakar-Vincent, Director, U.S. Business Development & BIRD Energy, BIRD Foundation, Tel: +972-3-698-8315, or Ms. Andrea Yonah, East Coast Representative, Tel: +1-609-356-0305, http://www.birdf.com

SOURCE The BIRD Foundation

E.ON Climate & Renewables Secures Financing for Illinois Wind Farm

Fri, 03 Feb 2012 15:42:02 +0000

E.ON Climate & Renewables Secures Financing for Illinois Wind Farm

JP Morgan and Wells Fargo partner in $122.2 million deal

PR Newswire

CHICAGO, Feb. 3, 2012 /PRNewswire/ -- E.ON Climate & Renewables (EC&R) North America announced today it has secured $122.2 million of institutional equity financing from JPM Capital Corporation (JP Morgan) and Wells Fargo Wind Holdings LLC (Wells Fargo) in exchange for a partial interest in its recently completed Settlers Trail Wind Farm. JP Morgan acted as lead investor in the financing.

"EC&R constantly looks to determine the most beneficial economic structures best suited for its projects," said Dr. Verena Volpert, Senior Vice President Finance, E.ON AG. "For this project, teaming with JP Morgan and Wells Fargo made the most sense."

The project, the first wind farm in Iroquois County, Ill., is located 10 miles west of Watseka and consists of 94 GE 1.6 megawatt turbines providing more than 150 megawatts (MW) of power—enough to provide clean power to more than 45,000 households in the central Illinois region using North American made turbines, blades and towers.

"Wind farms generate clean, affordable, homegrown electricity, creating jobs, providing an economic shot in the arm to farmers, ranchers, and rural communities across America," said Steve Trenholm, CEO, EC&RNA. "JP Morgan and Wells Fargo were natural partners due to their leadership and experience in the tax equity market."

This project is expected to generate more than $29 million in local taxes, pay $8 million in local salaries, and earn landowners more than $20 million. At the height of construction, the Settlers Trail Wind Farm project brought more than 200 jobs to the area.

About EC&R

E.ON Climate & Renewables (EC&R) is responsible for the E.ON group's renewable energy and environmental protection activities around the world. Tapping renewable energy sources offers enormous alternatives, both from a business perspective and for the environment. E.ON Climate & Renewables will be investing euro 7 billion in renewable energy and environmental protection projects over the next five years to expand the share of renewable energy in E.ON's portfolio for the long term. E.ON has thus taken a leading role in developing renewable energy sources worldwide. For more information, please visit www.eon.com/renewables.

This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group management and other information currently available to E.ON. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON AG does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.

MEDIA CONTACT:
Matt Tulis, Communications Manager, EC&R NA
512.423.1840 matthew.tulis@eon.com

SOURCE E.ON Climate & Renewables

Chadbourne Closes More Than $20 Billion in Project Finance Deals for Clients in 2011

Thu, 02 Feb 2012 20:16:18 +0000

Chadbourne Closes More Than $20 Billion in Project Finance Deals for Clients in 2011

PR Newswire

NEW YORK, Feb. 2, 2012 /PRNewswire/ -- Chadbourne & Parke lawyers closed more than $20 billion in project finance deals in 2011, including the world's largest IPP project being built in Saudi Arabia.

Other highlights in 2011 included working with developers and lenders on the first expansion in nuclear power in the U.S. in 30 years and work for major developers and banks across the entire range of solar power technologies.

"I am very proud of our versatile team of more than 70 project finance lawyers situated in major money centers in the world -- this past year, we represented clients in some of the largest and most complex deals across the renewable energy, conventional power, transmission, nuclear and oil and gas sectors," said Chadbourne project finance group co-head Rohit Chaudhry. "We continue to be one of the most sought-after law firms by clients active in the acquisition, development and financing of large-scale power and other infrastructure projects throughout the world."

Added project finance practice co-head Keith Martin, "2011 was our best year yet and 2012 has started off strong as well."

Chadbourne's lawyers played leading roles in many of the largest and highest profile solar and wind project financings closed in the past year.

On the solar power side, Chadbourne acted for the developer group in acquiring and financing what will be the world's largest photovoltaic power project, estimated to produce over 550MW of capacity when fully built. Another mega deal involved Chadbourne's representation of the lender group in the financing of a 250MW solar thermal project in California, among the largest such projects built anywhere in the world.

Chadbourne lawyers were also tapped by the sponsors of the Alamosa project for the financing of the first high-concentration photovoltaic energy generation facility in the United States, as well as acting for SolarCity, Sungevity and Sunpower on major residential solar projects throughout the United States.

Just like solar, wind energy is on the upswing. Chadbourne worked for many of the top wind developers in 2011, including EDP Renewables North America LLC in both Oklahoma and Ohio, and Gestamp Eolica, S.L. in Maryland. Among the significant deals in this sector, was a cross-border M&A deal in which a leading Canadian energy and services company made a jump into wind by agreeing to purchase a major stake in a new operating wind company. In this deal, Chadbourne represented First Wind in structuring a joint venture enterprise with this Canadian company whereby the parties will each own interests in eight operating wind farms located in the northeast and develop and manage a pipeline of additional onshore wind projects in the region.

Notable biomass deals included Carlyle's first foray into renewable power when it financed the Plainfield waste-to-energy power plant in Connecticut. Chadbourne also worked on many top conventional power deals. Internationally, this is highlighted by work for the sponsors, led by ACWA Power, on the approximately $2 billion debt financing of the 3,927MW Qurayyah independent power project in Saudi Arabia, the largest independent power project in the world. In the U.S., Chadbourne represented lead lenders and banks in the approximately $617 million construction and term loan financing of the Walnut Creek Energy Facility, a 479MW natural gas-fired peaker project located in City of Industry, CA. The deal is the first Greenfield thermal plant financed with debt at the project and holding company levels in the U.S. since the economy collapsed in late 2008.

Chadbourne's new Brazil office was also busy doing project deals last year. Among the most notable deals in this rapidly expanding market were acting for a Brazilian oil and gas company in relation to the project financing of a deepwater drilling rig and representing Grupo ACS on the securitization of Peruvian government guaranteed receivables used to finance the construction of the Taboada wastewater treatment plant in Lima, Peru.

Summarizing the deal landscape, Chadbourne partner Eli Katz, who works closely with many wind and solar clients, says: "The future in clean-tech is happening right now, and Chadbourne's lawyers are playing a big part in making this all happen."

For 2012, the outlook is mixed in the U.S with the expiration of the Treasury cash grant program and a scaling back of European bank participation in the market. However, the U.S. renewables sector is expected to remain busy as the market looks for new financing strategies to replace cash grants and the solar sector consolidates further. Chadbourne also expects to do more overseas work and sees a lot of potential in Turkey, where the firm opened an office in September 2011, as well as in Latin America, the Middle East and Africa, where the firm also has offices and a long history.

SOURCE Chadbourne & Parke LLP

Atlantic Power Announces Agreement to Acquire a 300 MW Wind Development Project in Oklahoma

Wed, 01 Feb 2012 18:20:00 +0000

Atlantic Power Announces Agreement to Acquire a 300 MW Wind Development Project in Oklahoma

PR Newswire

BOSTON, Feb. 1, 2012 /PRNewswire/ -- Atlantic Power Corporation (NYSE: AT) (TSX: ATP) (the "Company") today announced that on January 31, 2012 it invested approximately $23 million of late-stage development capital to own 51% of Canadian Hills Wind, LLC ("Canadian Hills"). Canadian Hills is the 100% owner of the Canadian Hills Project (the "Project"), which is a 298.45 MW wind power project in the late stages of development, located approximately 20 miles west of Oklahoma City, Oklahoma.

Apex Wind Energy Holdings, LLC ("Apex"), a leading wind power developer based in Charlottesville, Virginia, is the project developer. The Project has executed long-term power purchase agreements with investment grade offtakers for 250.45 MW and is currently negotiating a similar PPA for the remaining 48 MW. Construction is expected to begin by April 2012 with commercial operations expected in November 2012. The Project will deploy REpower 2.05 MW MM92 and Mitsubishi 2.4 MW MWT102 wind turbines, both proven technologies that take advantage of the project's strong wind regime. The Company would be the Project's operator and asset manager.

Total project costs are expected to be approximately $460 million. Subject to final due diligence, Board approval and other conditions, the Company will have the right to invest 100% of the project equity or approximately $170 million.

* * * * *

About Atlantic Power
Atlantic Power is a leading publicly traded, power generation and infrastructure company with a well diversified portfolio of assets in the United States and Canada. Our power generation projects sell electricity to utilities and other large commercial customers under long-term power purchase agreements, which seek to minimize exposure to changes in commodity prices. The net generating capacity of the Company's projects is approximately 2,140 MW, consisting of interests in 31 operational power generation projects across 11 states and 2 provinces, one 53 MW biomass project under construction in Georgia, and an 84-mile, 500 kilovolt electric transmission line located in California. Atlantic Power also owns a majority interest in Rollcast Energy, a biomass power plant developer with several projects under development. Atlantic Power is incorporated in British Columbia, headquartered in Boston and has offices in Chicago, Toronto, and Richmond, B.C.

Our corporate strategy is to generate stable, contracted cash flows from our existing assets to sustain our dividend payout to shareholders while increasing the value of the company through accretive acquisitions in North American markets. Our dividend is currently paid monthly at an annual rate of Cdn$1.15 per share.

Atlantic Power has a market capitalization of approximately $1.6 billion and trades on the New York Stock Exchange under the symbol AT and on the Toronto Stock Exchange under the symbol ATP. For more information, please visit the Company's website at www.atlanticpower.com or contact:

Atlantic Power Corporation
Amanda Wagemaker, Investor Relations
(617) 977-2700
info@atlanticpower.com

Copies of financial data and other publicly filed documents are filed on SEDAR at www.sedar.com or on EDGAR at www.sec.gov/edgar.shtml under "Atlantic Power Corporation" or on the Company's website.

Certain statements in this news release may constitute "forward-looking statements", which reflect the expectations of the Company regarding the Company's expectations about its investment in Canadian Hills. Such forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date of this news release. Such forward-looking statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to the assumption that the Project's construction will be complete in 2012.

Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not, or the times at or by which, events will occur. In addition to the assumptions described above, reference should also be made to the factors discussed under "Risk Factors" in the Company's proxy dated October 3, 2011. Although the forward-looking statements contained in this news release are based upon what are believed to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. These forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to update or revise them to reflect new events or circumstances.

SOURCE Atlantic Power Corporation

2011 U.S. Venture Capital Investment in Cleantech Steady at $4.9 Billion Despite Tough Economy

Wed, 01 Feb 2012 11:00:00 +0000

2011 U.S. Venture Capital Investment in Cleantech Steady at $4.9 Billion Despite Tough Economy

Industry continues to innovate and mature

PR Newswire

BOSTON, Feb. 1, 2012 /PRNewswire/ -- US venture capital (VC) investment in cleantech companies reached $4.9 billion in 2011, flat in terms of deals and down 4.5% in terms of capital invested compared to 2010, according to an Ernst & Young LLP analysis based on data from Dow Jones VentureSource. However, this represents a 29% increase from the $3.8 billion raised in 2009. In Q4 2011 VC investment in cleantech reached $940.5 million with 70 rounds of financing.

"Cleantech is still in the early stages of a long-term journey," said Jay Spencer, Ernst & Young LLP's Americas Cleantech Director. "We've reached a point where new products and services are ready to be launched, and as these products come to market, we're seeing renewed interest, innovation and opportunity in cleantech."

Energy/Electricity Generation segment leads annual growth

The Energy/Electricity Generation segment led investment in 2011 with $1.5 billion raised through a total of 71 rounds, representing a 5% decrease in dollars invested from 2010. The Solar sub-segment received the lion's share of capital in Q4 2011 with $284.5 million, accounting for 91% of the sector's total investment of $312.9 million. The top Solar deal for this quarter was completed by Stion Corp., a San Jose-based a manufacturer of high-efficiency, thin-film solar panels, which raised $130.0 million.

The Industry Products and Services segment completed 2011 with the second largest amount raised at $1.0 billion, down 34% from 2010. In Q4 2011, the segment raised $256.2 million, with strong support from the Transportation sub-segment, which raised $203.2 million or 79% of the Q4 2011 total, a 36% increase from the amount raised in Q4 2010. The largest deal was for the quarter was completed by Better Place, a Palo Alto-based provider of electric car networks, which raised $201.0 million.

The Energy Storage segment ranked third in terms of total amount invested in 2011, with $932.6 million through 28 deals representing a 253% increase from 2010 in dollars invested and a 47% increase in number of deals. In Q4 2011, the segment raised $35.0 million, all of which can be attributed to the Batteries sub-segment. With $30.0 million raised, VIA Motors Inc., a Utah-based electric vehicle development and manufacturing company, secured the largest battery transaction in Q4 2011.

Companies in the Energy Efficiency segment attracted $646.9 million in 2011, a 29% decrease from 2010. The segment, however, led both the year and quarter in rounds of financing with 78 deals and 21 deals respectively. Q4 2011 investments in this segment were led by the Energy Efficiency Products sub-segment with $57.5 million raised through 10 deals.

Revenue generating companies lead with investments received

Cleantech companies in the revenue generation stage of development accounted for 69% of dollars invested, up from 50% in 2010. Total dollars invested in companies at this stage of development reached $3.4 billion, a 31% annual increase.

Capital market activity

Growth in the US cleantech market in 2011 was supported by five cleantech IPOs – up from three in 2010. Three of the 2011 deals were completed by companies focused on biofuels: Solazyme Inc., Gevo Inc. and KiOR Inc. Two more IPOs were completed in Q4 2011, one by Intermolecular Inc., a San Jose-based research and development company for the semiconductor and clean energy sectors that raised $96.5 million, and another by Rentech Inc., a Los Angeles-based provider of clean energy solutions, that raised $136.8 million. A total of $688.3 million was raised through cleantech IPOs in 2011.

"There's a strong appetite among cleantech companies to go public and we see tremendous opportunity as this industry continues to mature," said Spencer. "The growing IPO pipeline shows viable, long-term potential."

In terms of other capital market activity, there were 13 mergers and acquisitions (M&A) with a disclosed value of $150.5 million in Q4 2011, according to Bloomberg New Energy Finance. Total M&A activity in 2011 reached 79 deals with a total disclosed value of $2.8 billion.

Additionally, in Q4 2011, the US recorded 39 new–build clean energy asset financings with a total deal value of $1.8 billion, according to Bloomberg New Energy Finance. New-build asset financing in 2011 totaled $23.2 billion in 234 deals, of which the $2.5 billion financing of the 855MW NRG Energy Project Amp PV plant was the largest.

Corporate activity in solar and wind

Corporate activity was especially focused in two areas: solar and wind. In the solar market, Google Inc. and Kohlberg Kravis Roberts & Co. (KKR) invested $189.0 million in four California solar farms totaling 88 MW of capacity. The projects will be built by Recurrent Energy Inc., a unit of Sharp Corp. Additionally, NRG Energy Inc. acquired solar-power developer Solar Power Partners, deepening NRG's involvement in the solar power market.

On the wind front, MidAmerican Energy bought 49% of the $1.8 billion 290 MW Agua Caliente project based in Yuma County, Arizona, which is being developed by NRG Energy. Duke Energy Corp. and American Transmission Co. bought a power line project to bring wind energy from Wyoming to the US Southwest. MidAmerican Energy acquired three wind power projects with a combined capacity of 404.8 MW in Iowa.

Cleantech partnerships across multiple segments

Vestas is teaming with IBM to improve return on wind power investment by using the IBM BigInsights analytics software and an IBM Firestorm supercomputer to increase energy output. Honeywell is teaming up with AliphaJet to boost the development and eventual commercialization of renewable jet fuels from plant and animal matter. Mascoma is teaming up with Valero Energy to develop its first commercial-scale cellulosic ethanol plant at an expected cost of $232.0 million.

Additionally, key players in the EV space are collaborating to expand the accessibility of EVs. Walmart will participate in ECOtality's EV Project, which is tasked with overseeing the installation of 14,000 hosted charging stations at select stores in 18 metropolitan areas. ECOtality will integrate its Blink EV charging stations with Silver Spring Networks' Smart Energy Platform to enable utilities to offer customers more EV charging options globally.

Regional highlights

California continues to lead national cleantech investment in 2011 with $2.8 billion raised. In Q4 2011 alone, California garnered 67% of all dollars with $629.5 million through 26 deals. Massachusetts raised the second highest level of annual investments with $465.1 million, a 63% increase from last year. Colorado had investments of $363.3 million throughout 2011, a 28% increase from 2010, making it the state with the third highest level of investments.

About Ernst & Young's Strategic Growth Markets Network

Ernst & Young's worldwide Strategic Growth Markets Network is dedicated to serving the changing needs of rapid-growth companies. For more than 30 years, we've helped many of the world's most dynamic and ambitious companies grow into market leaders. Whether working with international mid-cap companies or early stage venture-backed businesses, our professionals draw upon their extensive experience, insight and global resources to help your business achieve its potential. It's how Ernst & Young makes a difference.

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 152,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

For more information, please visit www.ey.com.

Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

This news release has been issued by Ernst & Young LLP, a US client-serving member firm of Ernst & Young Global Limited.

Note to editors:
Data analyzed in the press release encompasses equity financings--including cash investments by professional venture capital firms, corporations, other private equity firms, and individuals--into cleantech companies that have received at least one round of venture funding.

Ernst & Young uses the following definitions to classify the cleantech industry and its sub-sectors:

Clean technology encompasses a diverse range of innovative products and services that optimize the use of natural resources or reduce the negative environmental impact of their use while creating value by lowering costs, improving efficiency, or providing superior performance.

Alternative Fuels – Biofuels, natural gas
Energy / Electricity Generation - Gasification, tidal/wave, hydrogen, geothermal, solar, wind, hydro
Energy Storage - Batteries, fuel cells, flywheels
Energy Efficiency - Energy efficiency products, power and efficiency management services, industrial products
Water - Treatment processes, conservation & monitoring
Environment - Air, recycling, waste
Industry Focused Products and Services - Agriculture, construction, transportation, materials, consumer products

Contact name:	Michelle Sing	Alex Hahn
Company:	Ernst & Young LLP	VOX Global
Tel:	+201 872 1362	+202 772 5029
E-mail:	Michelle.Sing@ey.com	ahahn@voxglobal.com

SOURCE Ernst & Young LLP

Harqua Gila, LLC Recognizes CRC's Alternative Energy Technology as Solution to Inherent Solar Power Plant Spikes

Tue, 31 Jan 2012 10:38:30 +0000

Harqua Gila, LLC Recognizes CRC's Alternative Energy Technology as Solution to Inherent Solar Power Plant Spikes

PR Newswire

PHOENIX, Jan. 31, 2012 /PRNewswire/ -- CRC (Pink Sheets: CYSA) receives a Letter of Interest from Harqua Gila, LLC for deployment of its Alternative Energy Technologies. Harqua Gila, LLC is currently developing a multi-phase alternative energy project in La Paz County, Arizona that encompasses two primary components – solar and hydro production/capture – and is designed to roll out in expanding phases (including a scope up to 38 megs of solar power production), to ensure stable growth now and the harnessing of superior evolving technologies in the future. The company has secured a Special Use Permit through the county, and project development continues to be underway.

Laura Edwards, General Counsel for Harqua Gila, LLC stated, "We strongly believe that our project – both currently and in the future – will be significantly enhanced by incorporating several aspects of CRC energy production capabilities. Particularly with respect to solar energy production, we are seeking modalities to stabilize the inherent 'spikes.' We are also exploring ways to create secondary commercial benefits from the NuPower™ fuel and technology, thus reinforcing our alternative, renewable energy platform."

Ms. Edwards added, "We stand ready to offer our support to ensure that development CRC technology will be implemented to promote the aforementioned objectives, and eagerly await the implementation of the same."

Dr. Kiril Pandelisev, Chief Executive Officer of CRC, added, "We are very excited about the prospects Harqua Gila LLC is presenting to us. I expect that our small footprint, very low capital cost and lowest price than any alternative energy electric power production, provides a solid basis for working together with solar, hydro, and wind turbine power generation facilities. We are pleased to be part of the Harqua Gila efforts to contribute to the enforcement of Waxman-Markey Energy and Climate Bill for 20% Renewable Energy by 2020. After all, Arizona does not need to import lime stone and/or lime from OPEC and any other oil producing countries. In fact, the 15% of the North American continent sits on excellent quality lime stone. More abundant than coal, oil, natural gas and shale combined, and much, much cheaper energy source."

About CRC Crystal Research Corporation:

CRC Crystal Research Corporation's (www.crccrystal.com) and its subsidiaries (www.nupowertechnology.com ) focus on inorganic, green and renewable green energy technologies for production of nuCarbide™, nuPowerGas™, and nuPower™, and on technologies that provides for manufacturing or "growing" of various types of crystals utilized in a large number of military, medical and industrial applications. CRC's management believes they have the ability to grow crystals of any desired width, length and thickness needed to meet customers' exact specifications; thus significantly reducing scrap and, in turn, increasing profit. Additionally, the space requirement for SCT plate growth is estimated to be approximately 200 times less than that for the standard Bridgman-Stockbarger method. CRC's technology is known to many leading industry crystal users such as Lockheed Martin, GE Medical, Phillips, Halliburton, Intel, Canon, Nikon, Sematech International, ASML, Zeiss and others. Our data show many advantages of the SCT process over the outdated conventional methods.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company, and members of their management as well as the assumptions on which such statements are based. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. The Company encourages the public to read the above information in conjunction with its with the Securities and Exchange Commission, at www.sec.gov.

For more information, please contact:

CRC Crystal Research Corporation
Email: pr@crccrystal.com
Web: www.crccrystal.com

SOURCE CRC Crystal Research Corporation

First V100 order for China

Tue, 31 Jan 2012 08:10:00 +0000

Vestas China has received its very first V100 turbine order from Datang Hubei Renewable Energy (Datang Renewable). The introduction of the newest addition to the 2 MW platform in China took place in early 2011. The order represents not only an important step further into the low wind regime in China, but also a step into the new geographical market of the Hubei province.

The 27 units of V100-1.8 MW turbines with a total capacity of 48.6 MW will be installed in the Long Ganhu wind farm in the Hubei province, a low-wind site with an average wind speed at 5 m/s. Compared to other wind power plants in China, the Long Ganhu site is situated close to one of the intensively energy consuming areas of Hubei province. Thus, this answers the call from the National Government of pursuing the development of “distributed” wind power in China. The successful application of Vestas’ V100 at this wind site will set an example for distributed wind power at low-wind sites in other provinces, and the open-up in the Hubei province will bring new business opportunities for Vestas.

Jens Tommerup, President of Vestas China says, “The low-wind sites in China is a new market of huge potential, but a new market also implies new challenges for wind power developers. It is therefore important to choose a proven and reliable technical platform and well-recognized business partners. Datang Renewable’s selection of Vestas for low-wind sites is the best recognition of our long-term cooperation. The contract is of great significance to us; it not only helps us open up a new market, but also firms our steps towards the exploitation of the dominant wind regime in China.”

The contract includes delivery, transportation, installation supervision and commissioning of the wind turbines, a VestasOnline® Business SCADA solution as well as a two-year service and maintenance agreement. The first turbines are scheduled to be delivered in the second quarter of 2012.

The V100 turbine is especially developed for low wind sites and designed on the proven 2 MW platform. With gradually fewer high wind sites to be exploited globally, low-wind sites are attracting the focus of the wind power developers. With a proven and reliable technical platform and a high performance, the 2 MW platform with a 100 metre rotor diameter for low wind conditions has since its introduction won customers’ recognition in Europe, North America, South America, the Mediterranean area as well as in Asia. As of mid-2011, the V100 had a track record of 180 units installed globally. Currently, Vestas’ integrated manufacturing complex in Tianjin is one of the three global manufacturing complexes that are able to produce the V100 turbine.

About Vestas

Vestas is the world leader in wind technology, with a history of technological innovation and over 30 years of experience in developing, manufacturing, installing and maintaining intelligent, high performing and high quality wind power plant solutions. Vestas was a pioneer in the wind industry and started to manufacture wind turbines in 1979.

Vestas installed China’s first wind turbines in Shandong in 1986, and as of 30 June 2011, Vestas has installed more than 3,000 MW of clean energy across 13 provinces in China. This makes Vestas one of the biggest accumulated suppliers of wind power plants in China.

Over the past few years, Vestas has established a firmly rooted presence in China with more than RMB 3.5 billion worth of investments and more than 3,000 employees, committed to delivering high quality wind energy solutions for a sustainable energy future.

Vestas has its largest integrated manufacturing complex globally situated in Tianjin, its China headquarters in Beijing, a factory in Hohhot, a global procurement office in Shanghai and a state-of-the-art foundry in Xuzhou.

Furthermore, Vestas has a Technology R&D Centre in Beijing, which is an important part of Vestas’ global innovation network and represents Vestas’ intention to bring the best of its knowledge to China. Furthermore, the R&D Centre is significantly increasing Vestas’ responsiveness to market demands and development trends in terms of new technology.

As the global leader in wind energy, Vestas is committed to helping develop China’s wind energy sector into a world-class modern renewable energy sector. Vestas is actively sharing its 30 years of industry experience and expertise with partners and stakeholders in the Chinese wind energy industry.

Contact information

For more information or to arrange an interview with Vestas China President Jens Tommerup, please contact:

William Lim
Tel: +86 10 5923 2022
Mobile: +86 1340 107 1475
Email: wilin@vestas.com