GC China Turbine Corp. moves ahead with 500 MW offshore wind farm

1 February 2010 - GC China Turbine Corp. (GCHT) said it has received has commitments from the the Jiangsu Province government for an initial 500MW offshore wind farm as a part of the Dafeng Offshore Wind Power Project. This development comes as a result of preliminary agreements with the local authorities to develop a local manufacturing base from which to build large utility scale turbines for offshore and coastal use in the area. Initial estimates by the GC place the value of potential orders for a project of this scale in excess of US $344 million (2.35 billion Yuan).

This first phase of the regional master plan, if approved, is estimated to include 50 turbines of 1.0 MW. At later stages, the wind farm will also synchronously utilize the new high output models of 2.5 MW and 3.0 MW currently in development at GC China's European R & D facility.

The project is targeting a three phase development plan with options for additional capacity engineered into each stage should increased demands warrant added scope.

Momentum for the project has increased through the use of the widely adopted "wind resource model" which provides for wind turbine manufacturers to directly obtain development rights for wind farm projects and then transfer the right of management of those wind farm projects to electrical generation companies who subsequently offer guarantees to place purchase orders with the wind turbine manufacturers in exchange for certain rights at the previously developed locations.

In 2009, GC China announced its aims for future strategic planning under the wind resource model, with a focus on creating wind resource strategies targeting known development regions so as to reserve those locations for future marketing and development alliances. The Company's strategic plan was adopted in 2009 through a demonstration of the model held in conjunction with leaders and experts from the Chinese Ministry of Science and Engineering and Information Department.

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