Wind Prospect - IWPower

China Wind Market Venture
http://www.iwpower.com.cn

China’s Insigma Group has joined forces with Wind Prospect and RidgeWind to further their activities in this growing wind energy market. The consortium combines three unique aspects; vast international wind power experience, significant financing capabilities and an established and innovative Chinese power market construction and engineering team.

The joint venture company is IW Power Co. Ltd, which is focussed on the development, financing, construction and operation of wind farms. In addition, IW Power is offering technical and commercial services to developers, project investors and financial institutions.

Insigma’s China experiences gained from being commissioned as Engineer-Procure-Construct (EPC) contractors of power plants, flu-gas desulphurisation units (FDG) and recently subways all around China, will offer power market expertise, engineering and project management capabilities.

Wind Prospect’s skills and expertise gained by being involved in nearly 2,000MW of approved wind farms in China, UK, Australia and Ireland, will assist the venture by way of complementing the already skilled staff with additional technical and commercial capabilities relating to wind energy.

RidgeWind’s capabilities stem from over 400MW of wind farm development, and the financial strength of its US and Chinese affiliates. RidgeWind’s principals have over 100 years of combined international energy market expertise to compliment the financing capability necessary to enter the wind energy market in China.

IW Power has established Hangzhou and Beijing offices. Whilst ideally located for projects in eastern and northern China, the company plans to work in all suitable provinces.

General Manager, Li Jun said: “IW Power will be working closely with Insigma Engineering’s 200 Chinese project engineers and Wind Prospect’s 60 professional staff. This is all backed up by RidgeWind’s wind farm development and energy market expertise and financing capabilities. From site identification to EPC contracting to site operations – we have the Chinese team ready to work to international standards.”

Managing Director, James Pennay said: “China must be congratulated for its world leading wind energy targets, as it is aspiring to 30,000MW of clean secure wind power by 2020. Based on this, IW Power is focussed on being an integral contributor to all aspects of the wind farm value chain. We have a strong team and are well positioned to offer the Chinese wind market a unique set of qualities, including vast technical expertise, investment capabilities and a great construction and engineering team.”

For further information, please contact

Li Jun, General Manager, IW Power Co. Ltd
e: info@iwpower.com.cn, m: +86 138 5809 3001

James Pennay, Managing Director, IW Power Co. Ltd
e: info@iwpower.com.cn
m: +86 139 1020 1137

www.iwpower.com.cn

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Notes for Editors:

The Insigma Group has 3,000 employees and RMB4 billion in assets, working as power station and flu-gas desulphurisation (FGD) EPC contractors, whilst also very involved in the IT industry and education real estate. The company is directly related to one of China’s leading educational institutions - Zhejiang University.

Insigma Engineering has more than 300 employees, with 200 of them specializing in engineering design and management. Insigma has established strategic co-operations with top-ranking wind energy related Design Institutes in China, with both parties consenting to share human resource and technical resource in the wind energy field. More information can be found at www.zdwxjd.com.

Wind Prospect Group Ltd undertakes all aspects of wind energy from development to decommissioning. It has been involved in nearly 2,000MW of approved wind farms, including onshore and offshore projects, in terms of development, construction, operations and commercial services. In fact, in terms of capacity installed, Wind Prospect is the most successful developer in the southern hemisphere.

The company’s civil, electrical and mechanical engineers have overseen the commissioning of over 20 wind farms and have been involved in operating 15 wind farms. Wind Prospect has offices in China, Hong Kong, UK, Ireland, New Zealand and Australia. More information can be found at www.windprospect.com.

RidgeWind Ltd’s principals have owned and operated energy businesses with over US$1billion in turnover. At present they are developing and financing over 400MW of wind energy projects in the UK and China. Their strong affiliations with Tang Industries Inc. offer significant financing capabilities in China. Tang Industries Inc., with over 40 years of successful operation, have 45 manufacturing facilities in China, US, Canada and Mexico. More information can be found at www.ridgewind.com.



	Wind Prospect Pty Ltd, 20 Beach Road, Christies Beach, South Australia 5165 t: +61 (0)8 8384 7755 f: +61 (0)8 8384 7722 e: admin@windprospect.com.au