Phase 2
Construction for Phase 2 commenced in February of 2009, with 35 turbines planned, representing installed capacity of 49.5 MW when completed. The 35 turbines planned for Phase 2, include six sets of two-bladed 1 MW turbines, eight sets of directly driven 1.5 MW turbines, and 21 sets of doubly fed 1.5 MW turbines.
The equity financing was completed in early August as part of the projected total investment of approximately US$73 million to complete Phase 2. We expect the remainder of the investment to be funded by bank loans, currently is in the approval process.
Phase 2 Timeline:
| Q1/09 |
Q3/09 |
Q3/09 |
Q1/10 |
Q2/10 |
| Construction begins |
Equity financing |
Turbines installation begins |
Debt financing |
Construction completed |
 |