WASHINGTON - October 29, 2009 - The U.S. Renewable Energy Group (US-REG) and Cielo Wind Power LP today announced they have entered into a joint venture framework agreement (the "JV Agreement") with China's Shenyang Power Group ("SPG")

China Resources Vanguard, the supermarket subsidiary of China Resources (Holdings) Company, has confirmed that it has taken over Century Mart's Pangjiang store in Shenyang and Vanguard will re-develop it into a large retail supermarket. According to Vanguard, the company has signed an agreement with Century Mart, taking over the latter's two outlets in Shenyang and Benxi. [...]

A-Power Energy Generation Systems Ltd., the largest provider of distributed power generation systems in China, announced today a $90.5 million contract to develop a 49.5 Megawatt wind farm in the township of Saiwusu, Guba County in Inner Mongolia. The project, the Saiwusu Wind Farm, is for the Jihe Orient Wind Energy Company Ltd., and calls for A-Power to supply the wind turbines, towers, and foundations, as well as oversee all construction, subcontracting, and installation.

Equipment procurement alone is expected to be $84.2 million, with construction and installation another $4.8 million, and miscellaneous costs adding $1.5 million. The project is due to begin in early October, with completion planned for June of 2010.

Inner Mongolia is actually a Chinese province in northern China, on China’s border with the Mongolian People’s Republic. It’s basically an inland plateau, consisting largely of vast flat prairie grasslands, conducive to wind power generation.

Mr. Jinxiang Lu,

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Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies, products and services, and Global Wireless Technologies LLC (GWT), a designer and developer of wireless solutions for the cellular access point market, today announced that they have entered into a CDMA femtocell (including femtocell modules) license agreement.

About Qualcomm Incorporated Qualcomm Incorporated (Nasdaq: QCOM) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 100 Index, the S&P 500 Index and is a 2009 FORTUNE 500((R)) company.

About Ener1, Inc. Ener1 develops and manufactures compact, high performance lithium-ion batteries to power the next generation of hybrid, plug-in hybrid and pure electric vehicles. The publicly traded company (Nasdaq: HEV) is led by an experienced team of engineers and energy system experts at its EnerDel subsidiary located in Indiana.

IMAX

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Turbine Truck Engines, Inc. (OTCBB: TTEG) is pleased to announce that Mr. Du Feng, Vice Chairman of Shenyang Aerospace Mitsubishi Motors Engine Manufacturing Co., Ltd. (”Aerospace Mitsubishi”), has invited Mr. Michael Rouse, President and CEO of TTE, to Shenyang, China, to discuss the development and production of two versions of the patented Detonation Cycle Gas Turbine engine (DCGT). Mr. Rouse will also meet with Mr. Xia Fang, Aerospace Mitsubishi’s manufacturing manager and tour the company’s state-of-the-art 300,000 square meter facility. Aerospace Mitsubishi is a leading manufacturer of engines for sale in China and throughout the world.

Kirkland’s, Inc. (Nasdaq: KIRK)

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According to Taiyuan Bureau of Commerce, retailers that use energy-saving lights will gain a 50% subsidy from the government. In 2008, Taiyuan was designated a pilot city along with nine other cities, including Beijing, Shanghai, Qingdao, and Shenyang, in a nationwide retail industry energy-saving campaign initiated by the Ministry of Commerce and launched a series of [...]

You've probably never heard of Shenyang, a northeastern industrial city of 4 million people. This article is an interesting read (and pictures) about the effects of growth on this city through the eyes of a former resident.

According to local media, Yamada Denki, Japan's leading electronics retailer, plans to invest USD100 million to open a flagship store in Shenyang, the provincial capital of Liaoning Province. Recently a trade mission from Shenyang visited Japan to promote the expansion of Yamada Denki into its marketplace, but the exact time for the opening of this Shenyang [...]

Asia Hedge FundsAsia Hedge Fund GuideHere is a short collection of articles on the hedge fund industry in Asia. I am always looking for more valuable online tools and resources to add to these geographical hedge fund guides to the hedge fund industry. If you have a white paper or PowerPoint that I can include here please send me an email and I will post it for everyone's benefit.Resources on the Hedge Fund Industry in AsiaGreat, in dept overview of hedge funds in Asia.Top 25 Hedge Fund performers of AsiaHedge Funds are by reputation a risky and esoteric investment category that ordinary investors had best avoid. But don't repeat ...

A-Power Energy Generation Systems, Ltd. (APWR), a provider of distributed power generation systems and wind turbines in China, reported second quarter financial results this morning before the open. Revenues increased 21.5% to $65.7 million, compared to $54.1 million for the same period in 2007. Net income increased 3.9% to $6.2 million, compared to $6.0 million. Excluding stock-based compensation expense of $0.28 million, non-GAAP net income was approximately $6.5 million, or 20 cents per share. Gross margin declined to 12.1% from 14.5% as a result of costs incurred during construction of a wind turbine facility in Shenyang. Four analysts surveyed expected consensus earnings of 20 cents per share on revenues of $62.13 million.

“During the first six months of 2008, power supply shortages continued throughout China and Southeast Asia and widespread blackouts and brownouts occurred even more frequently than in the previous periods,” said Jinxiang Lu, A-Power’s

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