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| JUNE 2008
China’s first wind energy project begun GreenHunter Wind Energy, LLC announced its first wind energy development project outside of the United States, located south of Shanghai, China. The project has the potential to generate up to 300 MW of power and will be developed in partnership with two other parties, Chem-Energy, Inc., a United States based developer and a Chinese based wind turbine manufacturer, MingYang Wind Power Technologies. GreenHunter Wind Energy will manage and control approximately 70% of the ownership equity of this project. Under an exclusive five-year contract with Chinese manufacturer MingYang, GreenHunter has secured orders for turbines capable of generating around 1,000 megawatts of electricity once installed. MingYang is currently the only Chinese company permitted to export turbines to the United States. |
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