Navajo Wind Energy Corp.,formerly Caliber Energy, has received a letter of intent for the investment of US $50 million to finance its 200-megawatt (MW) wind farm project located in Xinjiang, China. The value of the 200 MW project is in excess of $450 million.

"With this funding commitment that is now in place, we will be able to complete all of our project goals by 2010." -- Barry Doyle, CEO, Navajo