Welwind Energy International Corp Announces Negotiations of Joint Venture Partnership With YATU Wind Energy Manufacturing Co.

San Diego, USA - Welwind Energy announces that it has begun negotiations for a Joint Venture Partnership with chinese YATU Wind Energy Manufacturing Co. Ltd (formerly ENGGA) to manufacture wind turbines internationally and further announces that the two companies have signed a Turbine Supply Agreement (EPC) for 66 Wind Turbines for its Zhanjiang Wind farm Project.

YATU, a developer of several types of wind turbine products, 15 of which have patents pending, said it has agreed to begin negotiating a joint venture partnership with Welwind Energy International Corp. to manufacture and distribute wind turbines on an international level. In regards to the Equipment Purchase Contract (EPC), the company will have all 66 turbines delivered to the Zhanjiang site before October 18, 2009. Unlike the majority of existing wind farms, Welwind will take possession of all 66 turbines without having to wait 2-4 years.

"We are thrilled to not only announce that we intend to have all 66 turbines delivered to our Zhanjiang project before the close of 2009, but are further pleased to be involved in negotiating a joint venture partnership for a stake in the turbine manufacturing sector. This news from our China Corporate Office takes Welwind to a whole new level in the alternative energy marketplace. Not only does the news of a potential Joint Venture allow for us to assist in supplying turbines to a much needed market; the EPC gives the company first priority in getting our projects expedited at an extraordinary pace," says Mr. Feng, Director of Welwind Energy.

Source: IWR Online, 23 Jun 2008