SOURCE: Far East Wind Power Corp.

Far East Wind Power Corp.

November 09, 2010 09:00 ET

Far East Wind Power Receives New Research Report Issued by NBT Research, LLC

BEIJING--(Marketwire - November 9, 2010) -  Far East Wind Power Corp. (OTCBB: FEWP) ("Far East" or the "Company") which aims to deliver the most competitive cost per capacity and highest rates of return in the Asian wind power sector is pleased to announce today that NBT Research, LLC has issued a new research report on the Company with a Speculative Strong Buy rating.

The report examines the significant market opportunity present in the Asian alternative energy sector and states, "When we went looking for a pure play on this 25%+ CAGR wind farm development opportunity in China, it became apparent that there was only one company available to Western investors looking to capitalize on the mandated China wind power opportunity: Far East Wind Power (FEWP)."

In the report, Tobin Smith, author and Fox Business News technology industry television commentator, examines the Company's points of strategic advantage, "With the recent addition of Liu Xiaobu on Sept. 15, as Chairman and CEO, FEWP has assembled the most experienced management team on the ground in China in the renewable energy field. More important, in a country and culture where connections and relationships are the most important keys to commercial success, FEWP now has one of the most experienced and connected executives in China's power industry."

The report goes on to highlight current projections indicating that wind power will be over a $200 billion industry in China by the early 2020s and that a significant element of Far East Wind Power's opportunity in China is to use their partnerships and Chinese management team to develop 1 Gigawatt chunks of renewable wind power and then sell that capacity to the Big 5 utilities as those major utilities MUST (via government mandate) acquire 20% of their power generation capacity via renewable energy sources. Mr. Smith states that, "Mr. Liu is the ideal CEO/manager to make this investment plan a reality."

Far East's CFO James Crane stated, "This report provides a well-considered and compelling overview of the state of the industry in China, and Far East's extraordinary opportunities in the months and years ahead."

The full report can be accessed at: www.nbtequityresearch.com/fewp.

Details of the company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.

About Far East Wind Power Corp. (OTCBB: FEWP)
Far East Wind Power Corp. (the "Company" or "Far East") is a development stage company engaged in the development, construction, and operation of utility-scale wind energy projects ("Wind Projects") principally in the PRC. The Company is intent on taking advantage of the numerous financial and operating incentives afforded to clean energy projects, namely Wind Projects, within the PRC. We believe the Wind power industry is still developing in the PRC and there is tremendous potential for growth. We believe the PRC will soon be the largest wind power market in the world. For more information, visit: www.fareastwind.com.

Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, regulatory incentives, the development of new business opportunities, and projected costs, revenue, profits and results operations. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact Information

  • Contact:

    Far East Wind Power Corp.
    James Crane
    Chief Financial Officer
    US +1 617 699 6325
    China +86 186 2136 3580

    Investor Relations:
    PR Financial Marketing, LLC
    Jim Blackman
    (713) 256-0369
    jim@prfmonline.com

    Evergreen Investor Relations, Inc.
    Phone: 1-866-513-2537
    Email: info@fareastwind.com
    Web: www.fareastwind.com