A-Power intends to produce its 2.5MW and 750kW wind turbines in this facility. Based on market demand and the wind conditions in this region, A-Power also anticipates future production of 1.5MW wind turbines in this facility and is in discussions to license or acquire 1.5MW wind turbine technology.
As part of the agreement, the Bayan Nur city government will also provide A-Power with tax breaks and co-ordinate all of the sales efforts for A-Power’s wind turbines with wind farms in Bayan Nur and surrounding areas.
Bayan Nur is reportedly located in one of the three premium wind belts in China and therefore, significant demand for wind turbines exists from wind farm operators in this region. The Chinese central government has recently approved wind farms with a potential output of 2,100MW in Bayan Nur alone.
Jinxiang Lu, A-Power’s chairman and CEO, said: We are excited to announce the signing of this agreement with the Bayan Nur government and feel this expansion is a significant event that will continue to elevate our status and wind turbine production footprint in China. The Bayan Nur government has made us a generous offer and we are very excited to work closely with them to provide high quality wind turbines to operators and investors in this region.
