News Archive Article

China to produce and sell FuhrlanderÂ’s giant wind turbine

SHENYANG, CHINA - A-Power Energy Generation Systems Ltd. ("A-Power"), announced that its Chinese operating subsidiary, Liaoning GaoKe Energy Group (“GaoKe”), has entered into a license agreement with Fuhrlander AG (“Fuhrlander”) of Germany that gives GaoKe the right to produce and sell Fuhrlander’s 2.5 MW series wind turbine in China.

As part of the agreement, Fuhrlander will assist GaoKe in developing a production plant under construction in Shenyang that emulates FuhrlanderÂ’s plant in Germany, with completion expected in mid-2008.

Fuhrlander will also work closely with GaoKe to ensure that the wind turbines are produced to specifications. Under the technology license, GaoKe has the right to any advancements or improvements that Fuhrlander makes to its 2.5MW series wind turbine without charge.

To secure these rights, GaoKe has agreed to pay Fuhrlander approximately $13.9 million (which covers the license, training and a fixed royalty). Fuhrlander will also receive a minority percentage of the gross profit generated from the sale of the first 100 wind turbine units manufactured by GaoKe. The sales price of the 2.5MW wind turbine is expected to be RMB 20 to 24 million ($2.7 to $3.2 million) with 8 to 12% gross margins.

GaoKe will have the capacity to produce a maximum of 300 of the 2.5MW wind turbines on an annual basis after the first phase of its wind production facility is completed later this year.

Mr. Jinxing Lu, A-Power’s Chairman and CEO, commented, “We are very excited to become Fuhrlander’s partner in China. Fuhrlander is a highly respected wind turbine developer in Germany, and it has been supplying state-of-the-art turbines to the global markets for over 20 years.

“Its 2.5 MW wind turbine is one of the largest commercialized land-based wind turbines in the world, and we expect that it will play a major role in filling the substantial demand in China’s growing green energy market.”

Related News

ontario electrical transmission

National Steel Car appealing decision in legal challenge of Ontario electricity fee it calls an unconstitutional tax

TORONTO - A manufacturer of steel rail cars is pursuing an appeal after its lawsuit challenging the constitutionality of a major Ontario electricity fee was struck down earlier this year.

Lawyers for Hamilton, Ont.-based National Steel Car Ltd. filed a notice of appeal in July after Ontario Superior Court Justice Wendy Matheson ruled in June that an electricity fee, known as the global adjustment, was a regulatory charge, and not an unconstitutional tax used to finance policy goals, as National Steel Car alleges.

The company, the decision noted, began its legal crusade last year after seeing its electricity bills had “increased dramatically”…

READ MORE
three mile island nuclear power plant

Three Mile Island at center of energy debate: Let struggling nuclear plants close or save them

READ MORE

substation

Attacks on power substations are growing. Why is the electric grid so hard to protect?

READ MORE

wind power

Feds "changing goalposts" with 2035 net-zero electricity grid target: Sask. premier

READ MORE

bangkok electric train

Power bill cut for 22m Thailand houses

READ MORE