US-China Group Announces $1.5 Bil Texas Wind Project

Two American companies have teamed with a Chinese company for a $1.5 billion West Texas wind farm project.

The Austin (TX) Business Journal says Texas-based Cielo Wind Power and U.S. Renewable Energy Group out of Washington, DC have teamed with Shenyang, China-based A-Power Energy Generation Systems Ltd. subsidiary Shenyang Power Group for a 36,000 acre wind farm:

A-Power will begin shipping wind turbines in March and deliver all units by the same month of 2011. Its subsidiary, Shenyang Power, is contributing $36.6 million to the project, which is expected to produce about 600 megawatts of energy.

Shenyang and U.S. Renewable Energy formed a separate Delaware LLC to own, design, develop, construct, manage and operate the wind turbines, according to the release. A Cielo affiliate will also assist in development.

This is one of the world’s first Chinese-American utility-scale wind power projects, able to produce enough electricity to power 180,000 homes while creating hundreds of U.S. jobs.

3 thoughts on “US-China Group Announces $1.5 Bil Texas Wind Project

  1. Pingback: Roundup: Data Center Efficiency, Waste Management, GE · Environmental Leader · Green Business, Sustainable Business, and Green Strategy News for Corporate Sustainability Executives

  2. The deal is contingent on FINANCING and as of right this minute, financing has not been announced. But, if financing is secured for this massive Texas project, the stock of APWR is going to soar cause you cannot add 1.5 billion to a 400 million cap company and not see growth as big as the state of Texas!