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APWR China Texas Wind Farm Announces HT Blade as Partner
(APWR) and USREG are planning on building a 1.5 Billion 600MW Wind Farm inside 4 counties in Texas. This 1.5 billion wind farm will create 300 construction jobs to build. Then, HT BLADE is being announced as the wind blade maker and will ALSO BUILD a USA plant inside USA creating another 1000 wind blade jobs. Just like the APWR/USREG plant, the building will create another 300 construction jobs to erect and build the just announced blade plant.
APWR could easily be doing 1 BILLION in revenues for 2010 from 320 million today, that is QUITE A SHOCKING statement but lets see how they fare given the 1.5 Billion LNG plant on Macau Island in China and the 600 million Thailand biomass plants and the 1.5 billion West Texas Wind Farm for 2010.
Executives: U.S. wind-power blade plant planned
12:00 AM CST on Friday, November 20, 2009
By JIM LANDERS / The Dallas Morning Newsjlanders@dallasnews.com
WASHINGTON – Executives at Dallas-based Tang Energy, a partner in a Chinese wind-power blade manufacturing plant, say they are planning a factory in the United States to capture some of the resurgent U.S. market for renewable energy.
The plant would create about 1,000 jobs, said Tang CEO E. Patrick Jenevein III, and the company has a tentative deal to supply blades for a $1.5 billion West Texas wind farm announced last month by U.S. and Chinese investors.
"Until now, we have made blades only in China, sold blades there, and imported only profits," Jenevein said by phone from Beijing. "Now we've got a start to actually deliver blades into Texas, so effectively we'll need to build a factory in the U.S."
Tang hasn't picked a site yet, he said. A team from China was in Dallas last week to begin searching locations.
"It may be Texas, it may not be Texas," Jenevein said.
U.S. Renewable Energy Group (led by Dallas investor Cappy McGarr), A-Power Energy Generation Systems Ltd. of Shenyang, China, and Cielo Wind Power LP of Austin plan to build a wind farm capable of generating more than 600 megawatts of electricity on 36,000 acres of land.
The project calls for 240 Chinese-made turbines and 720 blades, each 157 feet long. Most of the wind farm would be financed by Chinese investors, but the developers say they'll ask the U.S. government to cover 30 percent of the $1.5 billion cost.
Some members of Congress criticized that strategy and urged the Obama administration to deny funding for a project that would create more jobs in China than in Texas. On Tuesday, McGarr said the developers would build a turbine manufacturing plant in the United States to supply other wind-power projects and employ more than 1,000 workers.
Tang's U.S. blade factory would employ about the same number of workers.
Tang co-founded HT Blade in 2001 in Baoding, China, with Huiyang Aviation Propeller Factory and China Aviation Gas-Turbine Power (Group) Corp. HT Blade produced 6,200 of the giant fiberglass blades last year and has sold to wind power customers in China, Chile, Pakistan, Russia, Cuba and Thailand.
Dallas Mayor Tom Leppert and City Council member Ron Natinsky visited the HT Blade factory in China on Wednesday, Jenevein said.
In May, Tang arranged $300 million in financing for U.S. wind farm projects from CATIC International Trade and Economic Development Ltd., a subsidiary of state-owned China Aviation Industry Group.
When that financing was announced, Jenevein said it would go toward development of a U.S. site using Chinese-made turbines and U.S.-made blades and towers.
Jenevein said three sites are under consideration – all of them "north of Texas."
Todays APWR 18% Move
well, today's 18% MOVE up sort of gives me the vindication to say ''You can never have enough of the next First Solar of China''' in your portfolio
www.Wind4me.com
if U want to OWN the next first solar, study the story and know what you are holding for the future!
Irony of Senator Shumer Throwing a Temper Tantrum Over USA Wind Jobs
Senator Shumer of NY immediately got every media contact in world to throw a jobs for America temper tantrum and how dare the Chinese get some of our stimulus funds for a clean power wind farm???? What Sen Shumer convieniently forgot to tell all hungry for job Americans is that any USA wind farm gets stimulus money after its built and government incentives and it does not matter if the owners are German, Spanish, Dutch, or from India.
Now, USREG and (APWR) announce a joint venture wind turbine factory in USA for 1100mw's of clean wind turbine power and over 1000 jobs will be created to assemble wind turbines for America.
Thanks to Sen Shumer, I was able to purchase some more (APWR) for the future!! THANK YOU Sen Shumer!
Obama China Visit Produces 1000 Green Jobs for USA Wind Industry
Some might think the Chinese and USA have not come to agreement on wind power and green movement but APWR announced a USA WIND TURBINE plant being built inside USA for 1000 USA american green jobs.
APWR is partnering with USREG for this plant to be built inside USA and the plant will be producing 1100MW"s of wind turbines and will be providing 1000 green jobs for USA.
The implications of this deal for America are immense and unlimited as APWR uses its Chinese banking connection to finance and build the upcoming 1.5 billion wind farm inside Texas as Cielo and USREG partner with APWR to build 240 wind turbines for a wind farm inside Texas.
APWR is a growth monster in the upcoming trillion dollar green energy movement and I refer to APWR as the next First Solar of China. My price target for end of 2010 is $38 based on earnings of $2 per share .
More »APWR Going to Raise Guidance for 2009 3rd Quarter Conference Call
Current management guidance is 320 million for year of 2009. Wharton analysts have 112 million for 3Q and 116 Million for 4Q.
My estimates are 91 million for 3Q and currently 140 million for 4th quarter 2009. guessing I am going to have to RAISE my guidance for 4th Quarter and might raise my estimate from 91 million due to quarter might actually have more DPG Biomass revenue than I previously estimated.
from the Confernce call 2nd Q.........
Okay. So for the production schedule for this year 2009 for 2.7MW 30 units and 1.5MW 10 units, for 750KW 30 units and for these members we feel very confident because other components we already thought successfully and for next year consult a supplying of the components problem, we are partnering with GE and also with German company in Germany. This is to solve this components supply problem for gear box and other key components. I believe that for next year and even the year after that next year, just to say that the total quantity of product will be raised to vary large extent and say before the components are being just to say fulfilled and with sure figures, we cannot disclose to you the specific figures now. I can tell you that this quantity of products for next year and even the year up to next year could be very high and even as satisfactory as investors may imagine.
Also just to say the components for next year and most of the components can be made in China and say above 80% of the components for complete site of wind turbine should be made in China.
We have taken various kinds of measures, just recently to achieve the goal of made in China for the components for us to lower down the cost as quickly as just what we can do. Also just upgrade our competitiveness. Thank you
Author is LONG APWR
Dynamic Wealth Report Highlights APWR
China’s energy policy now promotes improving energy efficiency and reducing emissions. Specifically, the government endorses greater use of distributed power generation (DPG) systems and renewable energy sources.
DPG systems are simply combined heat and power systems. They have a coal-fired boiler to produce heat for driving industrial processes as well as a steam turbine and generator to generate electricity.
These systems are remarkably energy efficient. They convert an amazing 90% of fuel used into useful power and heat. That compares to efficiency levels of just 30% to 40% for traditional coal-fueled power plants.
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