A-Power Energy Generation Systems Ltd. (“A-Power”), through its China-based operating subsidiaries, is the largest provider of distributed power generation systems in China, focusing on energy-efficient and environmentally friendly projects of 25MW to 400MW. Founded in 2003, A-Power focuses on the design, construction, and installation of distributed generation (DG) systems in China. DG involves the production of energy at the point of use, offering improved efficiencies and increased reliability over centralized power generation. GaoKe Energy is the principal operating unit of A-Power, contributing over 99% of historical total revenue. It obtains contracts for DG systems and oversees the work associated with the projects as a general contractor. The company has completed 17 DG projects, with more than 10 projects currently in construction. Additionally, A-Power entered China’s wind power market. It constructed facilities to assemble wind turbines, based on technology licensed from A-Powers’ European partners. A-Power has approximately 200 employees and is headquartered in Shenyang, Liaoning Province, China.
In 2008, A-Power entered the wind energy market and has built China’s largest wind turbine manufacturing facility, located in Shenyang, Liaoning Province, with technologies licensed from German FUHRL?NDER AG and Denmark-based Norwin, and a total annual production capacity of 1,125MW. In March 2009, A-Power entered into an agreement to establish a Joint Venture partnership with GE Drivetrain Technologies to produce wind turbine gearboxes in Shenyang. A-Power also has strategic relationships with Tsinghua University in Beijing and the China Academy of Sciences in Guangzhou to develop and commercialize other renewable energy technologies.