A-Power Energy (APWR) has announced this morning that it has taken another step towards the development of the 600MW, $1.5 billion wind farm in Texas. Through its subsidiary Shenyang Power, the company has established a project company, made an initial investment of $36 million and received final approval from the Chinese National Development & Reform Commission. Shenyang is partnering with US Renewable Energy Group, Cielo Wind Power under the umbrella of a Delaware limited … Read the rest
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A-Power Energy (APWR), Shenyang Group Sign Agreements For Pakistan Geothermal & Biomass Projects
What started out as a shaky day for A-Power Energy (APWR) has turned into a great day. The stock is surging off the lows of the morning after missing analyst expectations and has announced two new deals. The first was the construction contract with Tieling Cement and now the company is announcing it has signed an agreement with Pakistan Amraas Intl to construct and operate two 25MW biomass power plants as well as a geothermal … Read the rest
China Government Invests $44 Million In A-Power Energy (APWR) Shenyang Power Group
A-Power Energy (APWR) is announcing today that the Shenyang government is planning to invest a total of $44 million in the Shenyang Power Group which is a local industry alliance headed by A-Power (60% owner) to pursue large scale clean energy projects both within and outside of China. As part of the investment, the government will appoint a local Shenyang bank and guaranty company to participate in the alliance.
Details of the plan call for … Read the rest