Ludlow China Fund Upgrades Welwind Energy Int’l

San Diego, California [] New York-based Ludlow China Fund upgrades Welwind Energy International Corporation, a developer of renewable wind energy projects in China, to a B- rating as the company moves into the installation and execution phase of their business model. Welwind’s first wind turbine just rolled off the production line for its Zhanjiang Wind Farm Project. The company has an agreement with Guangzhou Engga Wind Energy Co. Ltd. (ENGGA) to produce its turbines. In regards to the Yangxi Wind Farm Project, the company has a meter meteorological tower installed on the property collecting data. Reports are favorable. The Yangxi wind farm will start as a 49 megawatt project building out to 400 megawatts.
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