Navajo Wind Energy negotiating joint venture with Chinese wind turbine manufacturer Mingchuang Energy Manufacturing

9 March 2009

Wind energy development company Navajo Wind Energy Corp. (formerly Caliber Energy) has begun negotiations for a joint venture partnership with wind turbine developer Mingchuang Energy Manufacturing Co. to manufacture wind turbines internationally. The companies have also signed a turbine supply and purchase agreement for 80 wind turbines for the company’s Xinjiang wind farm project.

Mingchuang expects to have all 80 turbines delivered to the Xinjiang site before 23 February, 2010.

‘We are ecstatic to not only announce that we intend to have all 80 turbines delivered to our Xinjiang project before the end of first quarter of 2010, but we are also very appreciative to be involved in negotiating a joint venture partnership for a stake in the turbine manufacturing sector. These developments move Navajo several steps closer to an exclusive level in the alternative energy marketplace. Not only would the operating joint venture allow us to assist in supplying turbines to an increasing market demand; the equipment purchase contract gives the Company first priority in getting our projects expedited at an unprecedented pace,’ says Barry Doyle, CEO of Navajo Wind Energy.

With explosive growth for wind power globally, the industry is seeing an ever growing waiting list for the delivery of wind turbines. Many believe that Chinese turbine companies may be a significant part of the solution as China increases production to meet the export demand. The world’s wind power industry continues to thrive with the vigorous demand for turbine supply brought on by increasing oil prices, stricter emission laws and the growing concerns over climate change.

Navajo Wind Energy is a renewable energy company focused on the development of more than 500MW of wind energy. The company is pursuing opportunities to provide wind power to the growing demand in China.

Copyright © 2009 newnet

Tags: wind

This story was published on Monday, March 9th, 2009 at 10:48 am and is filed under Asia, companies, wind. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Navajo Wind Energy negotiating joint venture with Chinese wind turbine manufacturer Mingchuang Energy Manufacturing”

1. jjray says:

   24 April 2009 at 7:48 pm

   I hope this does not lead to an example of US jobs being exported to China. The alternative energy sector is one of the few growing in the US.

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