Chinese banks to fund $1.5B Texas wind farm
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Clean Tech | 
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10/29/09By Dirk Lammers, AP Energy Writer
U.S. and Chinese companies will join up to build a 36,000-acre wind farm in Texas, showing how the industry continues to expand globally despite tough economic conditions.
The turbines are being built in China and shipping is expected to begin in March.
The companies involved said Thursday that it is the largest Chinese-American investment in U.S. renewable energy to date and is expected to cost $1.5 billion.
U.S. Renewable Energy Group, a private equity group, and Cielo Wind Power LP, of Texas, are working with China’s Shenyang Power Group.
A-Power Energy Generation Systems, of China, is building 250 turbines at its Shenyang plant.
The wind farm is expected to produce enough electricity to power 180,000 homes.
