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China Wind Market Venture
http://www.iwpower.com.cn
China’s Insigma Group has joined forces with Wind Prospect and RidgeWind
to further their activities in this growing wind energy market. The consortium
combines three unique aspects; vast international wind power experience, significant
financing capabilities and an established and innovative Chinese power market
construction and engineering team.
The joint venture company is IW
Power Co. Ltd, which is focussed on the development, financing, construction
and operation of wind farms. In addition, IW Power is offering technical
and commercial services to developers, project investors and financial institutions.
Insigma’s China experiences gained from being commissioned as Engineer-Procure-Construct
(EPC) contractors of power plants, flu-gas desulphurisation units (FDG) and recently
subways all around China, will offer power market expertise, engineering and project
management capabilities.
Wind Prospect’s skills and expertise
gained by being involved in nearly 2,000MW of approved wind farms in China, UK,
Australia and Ireland, will assist the venture by way of complementing the already
skilled staff with additional technical and commercial capabilities relating to
wind energy.
RidgeWind’s capabilities stem from over 400MW of wind farm
development, and the financial strength of its US and Chinese affiliates. RidgeWind’s
principals have over 100 years of combined international energy market expertise
to compliment the financing capability necessary to enter the wind energy market
in China. IW Power has established Hangzhou and Beijing offices. Whilst
ideally located for projects in eastern and northern China, the company plans
to work in all suitable provinces. Managing Director, James Pennay
said: “China must be congratulated for its world leading wind energy targets,
as it is aspiring to 30,000MW of clean secure wind power by 2020. Based on this,
IW Power is focussed on being an integral contributor to all aspects of the wind
farm value chain. We have a strong team and are well positioned to offer the Chinese
wind market a unique set of qualities, including vast technical expertise, investment
capabilities and a great construction and engineering team.” For
further information, please contact James Pennay, Managing Director,
IW Power Co. Ltd
e: info@iwpower.com.cn
m: +86 139 1020 1137 www.iwpower.com.cn
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Notes
for Editors: 
The
Insigma Group has 3,000 employees and RMB4 billion in assets, working as power
station and flu-gas desulphurisation (FGD) EPC contractors, whilst also very involved
in the IT industry and education real estate. The company is directly related
to one of China’s leading educational institutions - Zhejiang University. Insigma
Engineering has more than 300 employees, with 200 of them specializing in engineering
design and management. Insigma has established strategic co-operations with top-ranking
wind energy related Design Institutes in China, with both parties consenting to
share human resource and technical resource in the wind energy field. More information
can be found at www.zdwxjd.com. 
Wind Prospect Group Ltd undertakes all aspects of wind energy from development
to decommissioning. It has been involved in nearly 2,000MW of approved wind farms,
including onshore and offshore projects, in terms of development, construction,
operations and commercial services. In fact, in terms of capacity installed, Wind
Prospect is the most successful developer in the southern hemisphere.
The
company’s civil, electrical and mechanical engineers have overseen the commissioning
of over 20 wind farms and have been involved in operating 15 wind farms. Wind
Prospect has offices in China, Hong Kong, UK, Ireland, New Zealand and Australia. 
RidgeWind
Ltd’s principals have owned and operated energy businesses with over US$1billion
in turnover. At present they are developing and financing over 400MW of wind energy
projects in the UK and China. Their strong affiliations with Tang Industries Inc.
offer significant financing capabilities in China. Tang Industries Inc., with
over 40 years of successful operation, have 45 manufacturing facilities in China,
US, Canada and Mexico. More information can be found at www.ridgewind.com.
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