The U.S. Renewable Energy Group (US-REG), A-Power Energy Generation Systems, Ltd. (Nasdaq:
APWR -
News), and American
Nevada Group ("ANC") today announced the development and construction of a new production and assembly plant in Nevada that will supply highly advanced wind energy turbines to renewable energy projects throughout North and
South America. The state-of-the-art facility will be approximately 320,000 square feet with annual production capacity of 1,100 megawatts of wind energy turbines annually, enough to power 330,000 homes. The facility is expected to employ approximately 1,000 Nevada workers and create even more jobs during the construction process. ANC will identify potential sites for the facility and will develop the facility for the group.
United States Senate Majority Leader Harry Reid (D-NV) is a leader in developing America's renewable energy sector and his commitment to the sector and to promoting investment in Nevada was instrumental to the decision to locate the new facility there. The wind turbine production and assembly plant will create over 1,000 high paying long-term jobs in Nevada and provide a major financial boost to the local and surrounding economies. The affordable real estate in Nevada and the proven track record of Nevada's skilled workforce made Nevada the ideal location for the assembly and production plant. In addition to production and assembly at the new plant, most of the key wind turbine components will be made by domestic U.S. manufacturers. When A-Power selects a suitable site, it intends to arrange the financing of the costs of site acquisition and the construction and operation of the assembly facility from its own funds.
"Senate Majority Leader Reid's vision for the development of clean energy industries in his home state, Nevada's position relative to the major wind corridors, and the strength and sophistication of Nevada's skilled workforce made Nevada the best option for our headquarters and assembly plant for North and South America," said Mr. Jinxiang Lu, CEO and Chairman of A-Power.
"When Senator Reid found out US-REG and A-Power wanted to build a wind turbine manufacturing plant in the United States, he told us that Nevada was poised to be at the epicenter of America's commitment to renewable energy technology," said Ed Cunningham, US-REG Managing Partner. "With a strong commitment to renewable energy and business-friendly climate, we felt that Nevada would be the ideal place to invest in this manufacturing hub. This multi-million dollar investment in Nevada will further advance the Senate Majority Leader's clean energy initiatives while allowing out of work Nevadans to re-enter the work force in high-paying, stable, green jobs."
"We are committed to clean energy development and this partnership, which will allow us to expand our presence in the American renewable energy sector and create over a thousand jobs in Nevada," said John Lin, A-Power's Director and COO. "A-Power highly values the opportunities in renewable energy in America and this state-of-the-art facility will be our first major manufacturing plant in the United States."