Navajo Wind Energy nabs plum site in China

Atlanta-based Navajo Wind Energy Corporation today announced that it’s secured a 6,200-acre site in China for a planned 200-megawatt wind power installation.

The site in Xinjiang has proven, high-energy winds, the company says, with a mean average annual wind speed of more than 11 meters per second.

The Xinjiang project is the second announced by Navajo Wind Energy as part of its “China Initiative.” The company also expects to make many additional acquisitions in the country. The initiative aims to meet China’s growing demand for renewable energy by securing relatively scarce viable wind sites.

“There was tremendous competition from the largest players in the investment banking and energy industries to acquire this exact piece of property,” CEO Barry Doyle said of the Xinjiang acquisition. “Navajo Wind’s access to proprietary information dating back to the 1990s allowed the company to seize this opportunity several weeks before our competition.”