MY Forms Joint Venture with Huaneng Renewables on Wind and Solar Power …

August 31, 2012 by  
Filed under Green Energy News

/PRNewswire-Asia/ — China Ming Yang Wind Power Group Limited (“Ming Yang”) (NYSE: MY), a leading wind turbine manufacturer in China, today announced that Guangdong Mingyang Wind Power Group Limited (“Guangdong Mingyang”), a subsidiary of Ming Yang, has formed a joint venture (the “Joint Venture”) with Huaneng Renewables Corporation Limited (“Huaneng Renewables”) (HKEx Stock Code: 0958) specializing in the development of wind and solar power projects in China and overseas markets.

Huaneng Renewables, a subsidiary of China Huaneng Group, is a leading pure-play renewable energy company in China focusing on wind power generation. Huaneng Renewables will have 63% shareholding in the Joint Venture, and Guangdong Mingyang will own the remaining 37%. The Joint Venture will focus on developing and operating wind and solar power projects primarily in Southern China, with an aim to becoming a national and international developer and operator of high quality wind power farms.

“This Joint Venture marks an important milestone in the development of Ming Yang’s strategic alliances in the wind power sector,” said Chuanwei Zhang, the Chairman and Chief Executive Officer of Ming Yang. “Through this Joint Venture, we have set our sights on becoming the leading wind power farm developer and operator not only in Southern China, but also extending our reach nationwide and overseas in the future. We are delighted to expand our strategic partnership with Huaneng Renewables, and look forward to a successful partnership.”

Gang Lin, the Executive Director and President of Huaneng Renewables, said, “We are glad to form this Joint Venture with Ming Yang. Ming Yang’s leading position in Guangdong province and its wind resources secured in that area offer us geographical advantages in Southern China. Leveraging our expertise across China, we are confident that the Joint Venture can replicate our success nationwide and beyond. “

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “goal,” “strategy” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Ming Yang’s control, which may cause Ming Yang’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Ming Yang’s filings with the U.S. Securities and Exchange Commission. Ming Yang does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

About China Ming Yang Wind Power Group Limited

China Ming Yang Wind Power Group Limited (NYSE: MY) is a leading and fast-growing wind turbine manufacturer in China, focusing on designing, manufacturing, selling and servicing megawatt-class wind turbines. Ming Yang produces advanced, highly adaptable wind turbines with high energy output and provides customers with comprehensive post-sales services. Ming Yang cooperates with aerodyne Energiesysteme, one of the world’s leading wind turbine design firms based in Germany, to co-develop wind turbines. In terms of newly installed capacity, Ming Yang was a top 10 wind turbine manufacturer worldwide and the largest non-state owned wind turbine manufacturer in China in 2011.

For further information, please visit the Company’s website: ir.mywind.com.cn.

About Huaneng Renewables Corporation Limited

Huaneng Renewables Corporation Limited is a company incorporated in the PRC whose H shares are listed on the Main Board of Hong Kong Stock Exchange (HKEx Stock Code: 0958). Huaneng Renewables Corporation Limited, a subsidiary of China Huaneng Group, is a leading pure-play renewable energy company in the PRC primarily focusing on wind power generation.

For investor and media inquiries, please contact:

Investor and Media Contacts:

China Ming Yang Wind Power Group Limited Beatrice Li +86-760-2813-8898 ir@mywind.com.cn http://ir.mywind.com.cn

Fleishman-Hillard Pamela Leung +852-2530-0228 mingyang@fleishman.com

Huaneng Renewables Corporation Limited Tao Zhu +86-010-6829-7976 tao_zhu@hneep.com.cn

SOURCE China Ming Yang Wind Power Group Limited

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Proposed NC wind farm on collision course with Air Force fighter jets

August 31, 2012 by  
Filed under Green Energy News

Troubles keep mounting for a proposed wind farm in Eastern North Carolina that already faces questions about whether it will harm the local bald eagle population.

In the latest round of complications for the Pantego Wind Energy Project, U.S. military officials in Wayne County have disclosed that the 49-turbine wind farm would imperil the daily bombing runs of low-flying fighter jets at Seymour Johnson Air Force Base.

The Pantego project, which requires clearance from the Department of Defense, is set for a Sept. 10 briefing before a Department of Defense review panel called the Siting Clearinghouse. A ruling is expected within a week outlining steps the Pantego project could take to eliminate interference.

The rotating blades on the wind farm’s turbines would extend 492 feet into the air, giving over-flying jets the thinnest margin of clearance. The turbines would be erected in an area where Air Force F-15E Strike Eagles swoop in at 500 feet as they approach the Dare County Bombing Range.

The wind farm, proposed by Chicago-based Invenergy on 11,000 acres in Beaufort County, would be the first of its kind in North Carolina. It was approved by the N.C. Utilities Commission in March, but it still requires environmental and military approvals before it can move ahead.

The proposed location of the turbines also could interfere with military radar used to track the F-15E practice runs, according to a letter Col. Jeannie Leavitt, commander of the 4th Fighter Wing at Seymour Johnson, wrote to Gov. Bev Perdue in July. The letter was submitted to the Utilities Commission this month by the Wayne County Chamber of Commerce, which supports the Air Force installation as a vital contributor to the region’s economy.

Leavitt’s letter suggests that the state’s wind-swept flatland, considered to have some of the best wind resources on the East Coast, may not be an appropriate place to mix wind turbines with military operations.

“I believe that wind farm development in any part of eastern North Carolina has the potential to harm the training missions of Seymour Johnson Air Force Base and potentially other Department of Defense users of the airspace near the planned projects,” Leavitt wrote.

A month after Leavitt wrote her letter, Perdue issued an Aug. 18 executive order directing state authorities to prevent land use that is incompatible with U.S. military installations in the state.

The U.S. Fish and Wildlife Commission has its own concerns. A preliminary estimate shows the Pantego project, with 164-foot-long blades that spin at more than 100 mph, could kill between 3.4 and 20.7 bald eagles a year that fly through the area to forage and hunt.

Highest review

The Invenergy wind farm is also undergoing an Obstruction Evaluation Analysis by the Federal Aviation Administration. That analysis is being coordinated with a military review by the Siting Clearinghouse, said Dave Groberg, Invenergy’s vice president for business development.

“We are committed to avoiding impacts to the Air Force’s training activity in Eastern North Carolina,” Groberg said. He noted that Invenergy has met with military representatives from the Siting Clearinghouse and the Air Force “on multiple occasions to facilitate this review of the Pantego project.”

Michael Aimone, executive director of the Siting Clearinghouse, said the panel has reviewed 1,000 projects in the past two years, of which about 200 have been flagged for further review. But the Pantego project is one of a handful that has been referred to the highest level of review, the Mitigation Response Team. Only about 10 projects are being reviewed at this level, Aimone said, and Pantego was the first to require this review.

Aimone said he will not know the details about the Pantego review until the Sept. 10 briefing. He said potential solutions could include changing a flight pattern, changing the location of turbines, and making technical adjustments to radars to eliminate visual clutter caused by turbines.

“We’ve never not agreed to something that will solve this problem,” Aimone said.

Risks well known

Seymour Johnson Air Force Base spokeswoman Lt. Keavy Rake said raising the flight altitude is not an option because pilot training requires simulation of real bombing missions, which are flown at 500 feet.

All basic training for F-15E jets in this country takes place at the Seymour Johnson base. The installation is home base to 94 of the nation’s 219 F-15E fighters, which have a price tag of $31.1 million each.

The questionable mix of military fly zones and industrial-scale wind turbines is well known. The risks are outlined in detail in the Governor’s Land Compatibility Task Force Report, issued in May.

“Wind turbines and other types of tall structures such as cell phone towers create low altitude collision hazards,” the report said. Radars create “a stream of false targets (bubbles)” that muddle radar reception.

“It increases the likelihood of collisions, and makes it more difficult for on-site defense forces to identify potential threats in time to react effectively.”