DALLAS, Texas - BeaconEquity.com announces the publication of ‘Welwind Energy Intl. Corp. (WWEI): Advancing Growth and Momentum through Strategic Partnership’
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Welwind Energy Intl. Corp. (WWEI): Advancing Growth and Momentum through Strategic Partnership
”Following its due diligence process of acquiring a 49% interest in a 49 megawatt (MW) wind farm project located in China, Welwind Energy successfully inked a binding joint venture partnership with the owner Ningxia Electric Power Corp. (NEP)…
“An attractive acquisition, A La Shan Zuo Qi Windfarm Ltd - project company of NEP - has already attained its Power Purchase Agreement (PPA) and Clean Development Mechanism (CDM). NEP has a signed Power Purchase Agreement, with a PPA price of .08 cents/KWH, dated August 5, 2008, from the Neimeng Provincial Development and Planning Commission - which plays a key role in the financing of electricity generating assets…
“Through CDM, emission-reduction projects in developing countries are allowed to earn certified emission reduction (CER) credits, each equivalent to one tonne of CO2. These CERs can be traded and sold, and used by industrialized countries to a meet a part of their emission reduction targets under the Kyoto Protocol. NEP's wind farm project, after undergoing rigorous public registration and issuance process, is now entitled to sell or leverage against the credits earned in addition to the revenue it will generate from the sale of energy through the PPA…”
To read the entire article visit http://www.beaconequity.com/m – Click on News and Commentary
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