March 29 - April 5, 2004

Greenwind Power to build 50MW wind farm in China

VANCOUVER, BC-Greenwind Power has entered into a joint venture with China Link Industries Group of Shanghai, China to develop and operate a 50-megawatt (MW) wind farm on Daishan Island in China's Zhejiang province. Representatives from China Link and the Zhejiang provincial government are currently negotiating the final details of a letter of intent for the project and are completing a preliminary feasibility study for the location. China's emergence as an industrial powerhouse has made the country at once one of the world's largest energy consumers and most polluted nations, due to its heavy reliance on coal combustion for energy production. As a result, the Chinese government is turning to wind energy to meet the country's increasing energy demands while improving air quality. The Daishan Island project, located just south of Shanghai, represents an important step in this regard. The government also hopes that the World Wind Energy Conference, to be held this fall in Beijing, will help foster the growth of wind energy in China. Greenwind Power Corporation is an independent wind power project developer based in Vancouver. Established in 2001, Greenwind focuses particularly on wind energy projects serving remote communities and off-grid mines. The company is also continuing to investigate grid-based wind farms, particularly in southern Alberta, where it expects to announce its first wind farm project shortly. More information is available from Glenn Collick at Greenwind Power, 604/484-3703, FAX 604/484-3791, E-mail, Web site
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