The Xinjiang project is the second announcement of several new acquisitions that the company is presently developing as part of the earlier announced China Initiative.
China’s increasing demand for renewable energy and the shortage of viable wind farm sites to create the available supply, positions Navajo Wind individually in this competitive market place through the usage of the company’s experience and industry contacts.
Barry Doyle, chief executive officer said, There was tremendous competition from the largest players in the investment banking and energy industries to acquire this exact piece of property. Navajo Wind’s access to proprietary information dating back to the 1990s allowed the Company to seize this opportunity several weeks before our competition. We are extremely proud of this accomplishment.
