Navajo Wind Energy Arranges Financing For China Project
The company previously said it had come to a terms agreement with Mingchuang Energy Manufacturing Co. Ltd. to create a joint venture partnership on projects located in China. Both companies have agreed to begin their relationship starting with the Xinjiang wind farm project.
The Xinjiang wind farm project is situated on 6,200 acres. Navajo said that previous testing indicates a mean average annual wind speed in excess of 11 meters per second or over 25 miles per hour, capable of generating net operating capacity factors in excess of 50 percent.
Atlanta-based Navajo Wind Energy is a renewable energy company focused on the development of more than 500 megawatts of clean wind energy to drive its future revenues and growth.
The company is pursuing opportunities to provide power in China. The company said that, with its acquisition of wind farm and power trading company Guangzhou Jianianxiang, Navajo will become one of only a few companies licensed to trade electrical power in and outside of China.
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