The deal represents one of the largest turbine supply contracts ever in the US, with delivery of the 2.5-megawatt (MW) machines to begin in March 2010, subject to Chinese banks agreeing to finance much of the project, according to Jinxiang Lu, chairman of Shenyang Power Group, parent company of A-Power.
The project is a joint venture with Shenyang holding 49%, and private equity firm US Renewable Energy Group and Cielo Wind Power, based in Austin, Texas, holding 51% between them.
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