Jinfeng Technology 200 Million US Dollars To Invest In Us Wind Farm

In December 24th, Yao Yu, director and public spokesman of Public Affairs Department of 002202.SZ/2208.HK, gave exclusive coverage to reporters on the phone. Jin Feng Technology, a wholly owned subsidiary of Tian Run Shady Oaks (LLC) in the US, won a total investment of 198 million US dollars in December, and it was built in 2 years.

"In the past, gold wind technology has always positioned itself as a supplier of integrated solutions for wind power, and this golden wind has also undertaken the functions of power plants," Yao Yu said.

The tendering party is Illinois Power Agency, Illinois.

Tian Run Shady Oaks 100% is located in the local Shady Oaks wind farm. The wind farm will supply IPA for 20 years from 2012. Tian Run Shady Oaks will be responsible for the investment and construction of the wind farm, including equipment procurement.

The total installed capacity of the wind power project is 106.5 MW, and the company plans to adopt the 1.5 MW direct drive permanent magnet wind turbine.

"Direct drive permanent magnet technology with independent intellectual property rights has the advantage of generating efficiency, reliability, power grid friendliness and long term total cost of ownership of users. In the past 3 years, more than 3000 have adopted this technology, and the 71 successful bid in the US is a major breakthrough."

According to Yao Yu, GE and SIEMENS wind power giants also entered the field of direct drive.

Third parties predict that the direct drive unit will continue to show a rising market share in the future as a new generation of fan technology.

According to statistics, the market share of direct drive fans in China in 2009 was 17.5%, much higher than that of 8.4% in 2008 and 0.2% in 2005.

According to the company's announcement, the internationalization of Jinfeng technology started early in 2008, and acquired Vensys, a German Pioneer Technology Research Institute of direct drive permanent magnet technology.

The US market opened up at the end of 2009.

"Jin Feng" is officially operational in May this year. In July this year, the three 1.5 MW wind turbines delivered at the UILK wind power plant in Minnesota, USA, were the first single gold wind technology in the North American market, with a total investment of about 10 million 500 thousand US dollars.

So far, gold wind technology has set up 6 branches overseas to expand overseas markets, "Yao Yu said.

Yang Fan, an analyst with CITIC Securities, told reporters on the phone that "the US electricity price is 6 cents / kWh. In December 6, 2010, the 1.5 MW wind blower in China was priced at 3852 yuan / kW in the latest domestic market. The return on investment in the US project for several years is not yet available."

Huang Shouhong, an analyst at Anxin securities, believes that the US bid marks a substantial step in the internationalization strategy of Jinfeng technology.

According to Jinfeng science and technology report, from 2000 to 2009, Jin Feng maintained an increase of 10 years and 100%.

In the first three quarters of 2010, Jinfeng technology achieved a business income of 10 billion 900 million yuan, an increase of 62% over the same period last year, and the net profit attributable to shareholders of listed companies was 1 billion 530 million yuan, an increase of 50% over the same period last year.

According to the 2010 China Daily, Jin Feng earned 85 million 80 thousand yuan in overseas income, accounting for 1.35% of its main revenue. The staff of Jin Feng Dong's secret room had said that it would strive for about 3 years, and overseas sales accounted for 30%.