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Chinese interests and private capital will build a huge wind farm in West Texas. China-based wind turbine firm A-Power Energy Generation Systems (NASDAQ:APWR) will lead the project. It will cost as much sa $1.5 billion and could supply energy to nearly 180,000.
Senator Charles Schumer of New York State does not like the Texas project, although he might like it more if the turbines were destined for up-state New York. Schumer believes that $450 million in federal stimulus funds could go into the project from the government’s stimulus package. That would help to create as many as 3,000 jobs at turbine plants in China according Reuters. Read More
