wind4me's  Instablog

some of U coal freaks might want to wake up and take a walk on the Biomass side as (APWR) has announced and is building a biomass plant in Thailand for 86 million and its 150MW's.

Why build dirty coal when U can build much cleaner Biomass ???  And most of U thought APWR was a wind company????  Nope, think again, its SOLAR, Hydropower, Geothermal, Biomass , and WIND

www.Wind4me.com

the world must wake up to GREEN CLEAN Cheap energy!  (APWR) is the ticket into the next five years of green China energy!

Author is LONG APWR

Disclosure: Author LONG APWR

(APWR) just continues to march to the drums of clean energy warrior and expands its global presence in landing a DPG contract in Thailand.   This contract can and will be EXPANDED into the future............and APWR is a DPG company with proven, demonstrated clean energy building projects now including ''''Chemical Waste Water Treatment''' , is this the next (RINO) of China ????

www.Wind4me.com

 

 

SHENYANG, China, Dec. 22 /PRNewswire-Asia-FirstCall/ -- A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR) ("A-Power" or "the Company"), a leading provider of distributed power generation ("DG") systems in China and a fast-growing manufacturer of wind turbines, today announced it has signed a definitive DG contract with Thailand's Biomass Electricity Co., Ltd. ("Biomass Electricity") to develop a 150 MW biomass firing power plant in Prachinburi, Thailand.

 

 

This contract covers the design of the power station, the procurement and installation of the three main engines and other auxiliary equipment. In addition, A-Power will be the general contractor for the five main power station systems: the civic engineering system, the chemical water treatment system, the output system, the electrical system and the thermal control system.

 

 

The total value of the contract is US$ 86 million, which includes fees related to design and installation, and expenses related to procurement and sub-contracting with third-party vendors and construction companies. This biomass DG project has commenced in December and the estimated duration of the project is 27 months.

 

 

About A-Power

Author is VERY LONG APWR

Disclosure: Author Long APWR

did anyone wonder WHY A-Power was selected over GE and Vestas for the Texas wind farm for 600MW?????  The answer my freind is blowing in the wind, the answer is ''CHINESE BANKS''', ie the 'secret weapon'' of (APWR) over other wind providers!  Time to take APWR up on the news of a 2nd manufacturing plant in Nevada not yet fully announced!   By the way, this 2nd plant will add 2 billion per year in revenues to the already built first plant in China which will pump out 2 billion per year in revenues when fully operational mid 2011.......2 billion plus 2 billion makes 4 Billion run rate mid 2014...........from 320 million currently

By Leonora Walet and Sui-Lee Wee

HONG KONG (Reuters) - When A-Power Energy Generation Systems secured a deal to supply turbines for a U.S. wind farm project in October, the little-known Chinese firm had an ace up its sleeve to help it clinch the deal.

A-Power was armed with $1.5 billion in financing from state-run Chinese banks to fund the 600 megawatt project in Texas.

While global peers have limited access to cheap state loans, Chinese renewable energy firms are getting a boost from Beijing as they win clean technology projects around the world. Much of that is via low-interest loans from big state banks for their clients to finance their purchases.

This support is giving China's renewable energy firms an edge over Asian rivals such as India's Suzlon Energy, Japan Wind Development and Australia's Infigen Energy, as well as heavyweights like German polysilicon firm Wacker Chemie and Danish wind energy firm Vestas Wind.

"I don't think A-Power could have done this deal without access to cheap financing," said Jacob Kirkregaard, a research fellow at the Peterson Institute for International Economics in Washington D.C, who recently published a paper on wind energy.

"China is clearly the big kid on the block, no doubt about that," he said, referring to the state support for renewable energy. "That's not something many Asian countries can emulate."

Shares of A-Power, which only entered the wind business in 2008, hit a 15-month high last Friday after it said it will supply wind turbines for the Texas project.

Such deals are unfolding as China aggressively develops its renewable energy sector and as its companies play catch-up with bigger, global peers including German solar cell producer Q-Cells AG and Spanish wind farm operator Iberdrola, which have built up solid track records, also with help from more than a decade of government subsidies.

For a Graphic on China's wind power market share, click:

here

 

LOAN BOOST

Most of China's alternative energy makers, including solar firms Yingli Energy Holdings and Suntech Power Holdings, and wind gear maker China High Speed Transmission, already have access to low-interest financing from state-run banks to fund their growth as well as client purchases.

Interest rates on loans for wind power generator China Longyuan Power Group, for example, are 10 percent below the prevailing benchmark rate set by the Peoples' Bank of China (PBOC), said Morgan Stanley in a report.

"Chinese banks are motivated by the mandate from the government to develop renewable energy as a national priority," said Zhao Feng at Denmark-based BTM Consult ApS, a consultancy that specialises in renewable energy.

AUTHOR is LONG APWR

 

Disclosure: Long APWR