GreenHunter Energy, Inc. (NYSE Amex: GRH) – GreenHunter’s Advantage in the Ming Yang Investment

Filed In: Alternative Fuel, Wind energy, Greenhouse Gas, Sustainable Energy, Green Planet, petroleum diesel, GreenHunter Energy, Renewable Energy, Min Yang Wind Power Technology

GreenHunter Energy’s investment with Mingyang Wind Power Technology has proven to be very advantageous in the part of GreenHunter.  The subscription and equity transfer agreement, which was previously signed, made GreenHunter acquire 6.3% equity interest in Ming Yang Wind Power Technology Co., Ltd, for approximately $10 million.  GreenHunter has certain anti-dilution protective provisions and pre-emptive rights in connection with the company’s investment.  One of the many company’s investment advantages is that GreenHunter Wind Energy has the preferential right to purchase any turbines exported to North America.

MingYang is involved in the manufacturing of industrial-scale wind turbines in the PRC.  MingYang Wind Power Technology Co., Ltd is based in Guang Dong Province, People’s Republic of China.

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