WELWIND INTO INNER MONGOLIA

Welwind Energy International Signs Letter of Intent for 80% Interest in 300 MW Wind Energy Project in Inner Mongolia
July 15, 2010 (Globe Newswire via MarketWatch)

"Welwind Energy International Corp… completed negotiations [in Hohhot, Inner Mongolia, China] to acquire an 80% interest in a 300 MW, large scale, wind energy project.

"Inner Mongolia Test Power Ltd. and Welwind Energy have signed a Letter of Intent ("LOI") for 80% ownership and future expansion rights in the Inner Mongolia Wind Turbine Complex (MWTC) 300MW Wind Farm Project…located in Wu Lan Cha Bu City, Inner Mongolia Autonomous Region."

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"The potential capacity of the joint venture project is 1000MW. Phase 1 is an existing 49.5MW windfarm project with a 50 year renewable PPA issued in 2008 and has 6 test turbines erected…"

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"…There is a 70 meter anemometer tower in Huitengxile, and a second 70 meter tower in the east, about 4 km away from the first tower…collecting data for future expansion purposes. All testing equipment is from NRG Systems, the industry leader in the wind measurement field…Data reports of average yearly wind speeds in this area are approximately 9.6m/sec, which is one of the best documented sites to build a windfarm in China…

"…Welwind [will]…arrange debt financing…oversee construction, operations and management of the windfarm project…[and] provide technical support for the project, including the latest international wind energy research, wind turbine equipment manufacturing and windfarm construction…"