China Wind Power International Corp.
TSX VENTURE : CNW

China Wind Power International Corp.

September 19, 2011 11:15 ET

China Wind Power Breaks Ground for 198 MW Phase III Development

TORONTO, ONTARIO--(Marketwire - Sept. 19, 2011) - China Wind Power International Corp. (TSX VENTURE:CNW) ("China Wind Power" or the "Company"), an independent wind power producer in China, has broken ground on its 198 MW Phase III wind energy development planned for Du Mon County in Heilongjiang Province. Foundation work is now underway to prepare for the installation of the 132 wind turbines planned for Phase III.

"Breaking ground at Phase III marks another milestone for our Company," said Mr. Jun Liu, Chief Executive Officer of China Wind Power. "Importantly, with our recently announced engineering, procurement and construction contract with a world-leading turbine manufacturer, construction at Phase III is proceeding under favourable financial terms with no immediate impact on our working capital."

Construction at Phase III is expected to be completed by the end of the second quarter of calendar 2012. When completed, the 198 MW project (to be comprised of four wind farms, each with a total output of 49.5 MW) is expected to generate approximately 400 million KWh per year.

About China Wind Power International Corp.

China Wind Power International Corp. is an Ontario company that is uniquely positioned to capitalize on the growing demand for wind power in China. The Company indirectly holds the exclusive rights for wind energy development in Du Mon County, Heilongjiang Province, which has a demonstrated potential installed capacity of 1,150 MW of wind energy developable over an area of 612 square km. While 1,150 MW represents the Company's long-term potential for wind power in the area, its current plans are for building out approximately 800 MW over five development phases. The Company's common shares are listed on the TSX Venture Exchange under the symbol "CNW". The Company has approximately 63.9 million shares outstanding.

For more information and the latest updates on China Wind Power, visit our investor relations blog at http://chinawindpower.posterous.com or follow us on Twitter at http://twitter.com/ChinaWindPower.

Caution Regarding Forward-Looking Statements

Certain statements that are not historical facts made in this press release may be forward looking statements subject to risks and uncertainties. Statements containing words such as "will", "could", "expect", "may", "anticipate", "believe", "intend", "estimate", "plan" and other similar expressions are forward-looking statements that represent management's beliefs at the time the statements are made and are based on certain factors and assumptions including wind farm construction and commercial production schedule, output and capacity, revenue and earnings expectations and market potential. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events to differ materially from those projected in forward-looking statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties involving the availability of financing; fluctuations in currency exchange rates; uncertainties relating to economic and market conditions; uncertainty of estimates of capital and operating costs; the need to obtain additional financing to develop the projects and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in the information circular dated November 5, 2010, which is available at www.sedar.com under the Company's profile. Except as required by applicable securities laws, the Company undertakes no obligation to update any forward looking statement to reflect events or circumstances after the date on which such statement is made.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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