China Academy of Launch Vehicle Technology (CALT), Spain ACCIONA (EHN's parent company) and INCEISA officially signed two cooperative agreements in Beijing Tuesday to jointly establish two joint ventures in Beijing and Jiangsu's Nantong City, respectively.

The joint venture in Beijing takes a total investment of 125 million RMB (US$1 million) and will be mainly responsible for wind power marketing, technological research and development, management, human resource training, pre-sale and after-sale services. The joint venture in Nantong represents a total investment of nearly US$30 million and will be mainly responsible for wind turbine production.

CALT, ACCIONA and INCEISA expressed their hope to render full support to developing these two joint ventures into a "wind power titan," striving for the leading position in wind power arena in China and even the whole world, and making profound contributions to China and the world in the field of renewable energy sources.

According to the agreements, CALT, ACCIONA and INCEISA will focus on two fields in their cooperation. The first is wind power generation. EHN will provide CALT with technological support to produce 1,500kw wind turbines in order to stimulate localization of production of wind turbines and main wind turbine components. The second field is development, promotion and localization of other forms of renewable energy sources in China, with emphasis on straw energy generation and diesel oil production with bio-technology.

(Chinanews June 7, 2005)