A-Power (APWR) Continues Push Into Biofuels Industry With $14 Million Sanmenxia Deal

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10:21:50 am on June 16, 2009

A-Power Energy (APWR) is mostly cited as a top wind energy play, but the company continues to announce contracts to develop biofuel plants in China.  Last month they announced a $52 million contract with Huaian Huapeng Biomass Electricity and in April announced a $75 million contract with Anhui Wenergy.  Today they are announcing yet another contract of $14 million with Sanmenxia New Energy Bio-Electricity to design, construct, install and test a biofuel DG plant in the Henan province.  It’s expected to be completed and in operation next fall.

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