Shenyang, China, July 26, 2010 — A-Power Energy Generation Systems unit Shenyang (Ruixiang) Lucky Wind Power Equipments Co. has entered into a strategic partnership with Baoding Huide Wind Power Engineering Co.
The partnership will align A-Power’s brands, marketing initiatives and developing presence in the U.S. with the production and technology of Baoding Huide’s assets.
The two parties also expect to work closely on a broader range of initiatives, including research and development, joint ventures, resource sharing and new business opportunities.
Baoding Huide, an affiliate of China Aviation Industry Corp., is a renewable energy company primarily focused on the development, manufacturing, and sales of wind turbines and various design parts of wind power equipments.
Headquartered in Baoding National High-tech Zone in Hebei province, Baoding Huide has a total annual production capacity of more than 500 wind turbine units 1,000 MW from its two manufacturing facilities in Tianjin and Inner Mongolia. It is also engaged in after-sale service support and the import/export of wind power equipment.
“We are very excited to partner with Baoding Huide as we continue to enhance our efforts in renewable energy development,” Mr. Jinxiang Lu, Chairman and CEO of A-Power, said. “This partnership is reflective of an ongoing movement towards a cleaner, no-emission and more energy efficient environment in China, the U.S. and worldwide. The partnership will enhance A-Power’s wind business with Baoding Huide’s assembling facility of wind turbine equipment. We look forward to capitalizing on the opportunities available in China, the United States and elsewhere to meet the growing demand for wind power.”