The U.S. Renewable Energy Group & A-Power Energy Generation Systems, Ltd. Announce Plans To Build a Wind Energy Turbine Production and Assembly Plant in the United States

The U.S. Renewable Energy Group & A-Power Energy Generation Systems, Ltd.
Announce Plans To Build a Wind Energy Turbine Production and Assembly Plant in
the United States

WASHINGTON, Nov. 16 /PRNewswire/ -- The U.S. Renewable Energy Group (US-REG)
has signed a cooperation agreement with A-Power Energy Generation Systems,
Ltd. (Nasdaq: APWR) under which both sides commit mutually to the development
and construction of a new production and assembly plant in the United States
that will supply highly advanced wind energy turbines to renewable energy
projects throughout North and South America. The state-of-the-art facility is
expected to be 320,000 square feet and produce 1,100 megawatts of wind energy
turbines annually, enough to power 330,000 homes. Upon completion, the
facility is expected to employ approximately 1,000 American workers and will
create additional jobs during the construction process. In addition to
production and assembly at the new plant, the plan calls for many of the key
wind turbine components to be sourced from U.S. manufacturers, further
expanding the number of jobs created in the United States.

This agreement marks the culmination of a long process initiated in 2007
during which A-Power conducted economic analysis and sought strategic partners
to enter the U.S. wind power market. On October 29, 2009, Shenyang Power
Group (SPG) and US-REG announced plans to develop a $1.5 billion, 600MW wind
farm across approximately 36,000 acres in Texas, for which A-Power has been
designated as the turbine supplier. A-Power is a shareholder of SPG. The
construction of this production and assembly plant is an important step in the
strategic partnership with SPG and A-Power to develop clean wind energy in the
United States. The construction of the assembly and production plant is
subject to further due diligence and the signing of definitive agreements
between the parties, as well as various government approvals.

"US-REG and A-Power are combining investment, expertise, and resources to
bring clean, reliable, and affordable renewable technologies to the
marketplace," said Ed Cunningham, US-REG Managing Partner. "This planned
investment will spur tremendous growth and allow many out of work Americans to
re-enter the work force in the high-paying, renewable energy sector."

"We are committed to clean energy development and we are excited to partner
with US-REG to build a production and assembly plant in the United States,"
said John Lin, A-Power's Director and COO. "A-Power sees great opportunities
in renewable energy in America and this state-of-the-art facility will be our
first major step towards bringing clean, renewable energy to the world's
largest wind power country."

"The decision to construct this wind energy facility in the United States is
the direct result of America's commitment to renewable energy and the strength
and skill of the American workforce," said Cappy McGarr, US-REG Managing
Partner. "This project expects to create thousands of American jobs and is
further evidence that President Obama's goal of reducing our reliance on
foreign oil and achieving energy independence is opening doors to increased
investment and technological developments in the U.S. renewable energy
market."

US-REG (www.US-REG.com) is a U.S.-based private equity firm that mobilizes and
facilitates the participation of international financing and investment in
large-scale renewable energy projects within the United States. US-REG's
mission is to integrate renewable and environmentally sound energy
technologies into the American marketplace, while generating tremendous
returns with a range of smart and strategic investments in clean energy.
US-REG is devoted to strengthening America's energy independence,
environmental quality, and economic vitality through investments in
utility-scale projects in wind, hydro, geothermal, solar, and bioenergy.

SPG is a renewable energy industry alliance based in Shenyang, China. SPG's
member companies range from power equipment makers to engineering service
providers, including A-Power. The alliance was created to integrate local
resources and leverage the manufacturing, engineering and government
initiatives in the Shenyang area so that SPG can pursue large-scale,
international projects in the alternative energy sector.

About US-REG: The United States Renewable Energy Group mobilizes and
facilitates the participation of international financing and investment in
renewable energy projects within the United States. By facilitating the
expansion and development of business strategies through managing risks and
complexities associated with foreign financing and investment, USREG provides
American businesses with access to international investment options, fosters
economic development of the U.S. renewable energy industries and generates
new high paying jobs for Americans. To learn more about US-REG visit
www.US-REG.com.

About A-Power: A-Power Energy Generation Systems Ltd. ("A-Power"), through
its China-based operating subsidiaries, is the largest provider of distributed
power generation systems in China, focusing on energy-efficient and
environmentally friendly projects of 25MW to 400MW. In 2008, A-Power entered
the wind energy market and has built China's largest wind turbine
manufacturing facility, located in Shenyang, Liaoning Province, with
technologies licensed from German FUHRLANDER AG and Denmark-based Norwin, and
a total annual production capacity of 1,125MW. In March 2009, A-Power entered
into an agreement to establish a Joint Venture partnership with GE Drivetrain
Technologies to produce wind turbine gearboxes in Shenyang. A-Power also has
strategic relationships with Tsinghua University in Beijing and the China
Academy of Sciences in Guangzhou to develop and commercialize other renewable
energy technologies. For more information, please visit
http://www.apowerenergy.com.

Safe Harbor Statement

This press release may contain forward-looking statements. Any such statement
is made within the 'safe harbor' provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates," and other similar statements.
Statements that are not historical facts, including statements relating to
anticipated future earnings, margins, and other operating results, future
growth, construction plans and anticipated capacities, production schedules
and entry into expanded markets are forward-looking statements. Such
forward-looking statements, based upon the current beliefs and expectations of
our management, are subject to risks and uncertainties, which could cause
actual results to differ materially from the forward-looking statements,
including but not limited to, the risk that: inclement weather conditions
could adversely affect our operating results in particular quarters and/or
fiscal years; our limited operating history and recent entrance into new
markets may make it difficult for you to evaluate our business and future
prospects; the expected benefits of supply and partnership agreements may not
materialize to the extent expected or at all; we have yet to sign a definitive
agreement with respect to the development and construction of the assembly
plant and the wind farm project in Texas, and no assurance can be given that
we will sign such agreements; the establishment of the Texas wind-farm joint
venture project under the joint venture agreement between SPG and US-REG, and
the development and construction of the assembly plant in the United States
with US-REG is subject to various conditions, including further due diligence
and securing financing from third-parties, which due diligence may not be
completed satisfactorily, or which financing may not be successfully obtained,
and the parties to these agreements may not proceed with establishing the
joint venture project or with the construction of the assembly plant; the
parties may not be able to secure financing for the joint venture project or
the construction of the assembly plant; we may not receive required approvals
under various foreign investment laws in the United States to establish the
joint venture project or the assembly plant in the United States; we started
manufacturing wind turbines in 2009 and our limited history in this sector may
make it difficult to meet delivery schedules under any sales contracts we
enter into with the joint venture project, or the transfer of our technology
to a plant in the United States, or schedules to build such a plant in the
United States; our joint venture partners in Europe may not support our
development of an assembly plant in the United States, in which case, we may
be limited to using only our own China-domestic turbine technology; we may not
be able to source components to manufacturing the wind turbines, resulting in
our inability to deliver the expected amount of units called for under our
plans; we may not be able to obtain proper customs approvals for the export
from China and import into the United States of our wind turbines or parts for
assembly and production in the United States; as well as other relevant risks
detailed in our filings with the Securities and Exchange Commission, including
those set forth in our annual report filed on Form 20-F for the fiscal year
ended December 31, 2008. The information set forth herein should be read in
light of such risks. We assume no obligation to update the information
contained in this press release, except as required under applicable law.

SOURCE U.S. Renewable Energy Group

Bill Riggs, +1-202-429-4929, BillRiggs@Rational360.com or Dixon Chen,
+1-646-284-9403, Dixon.Chen@us.grayling.com, both for U.S. Renewable Energy
Group