Renewable Energy Asia Group, formerly known as Superior Fastening Technology, and China Datang Corporation Renewable Power Co., a subsidiary of China Datang Corp, a state-owned power producer, have agreed to form joint-venture companies to engage in the engineering, procurement, and construction (EPC) of wind farms; wind turbine component manufacturing; and wind farm development and electricity generation.

Renewable Energy Asia will hold a 51% equity stake in companies formed to provide EPC and wind turbine component manufacturing services, while Datang will hold 49%. As for companies formed to engage in wind farm development, Renewable Energy Asia will have a 49% stake, while Datang will hold 51%.

In the past two months, Renewable Energy Asia has secured a concession to develop a 500MW wind farm in Huade County of Inner Mongolia, a US$20 million ($27.8 million) master contract to manufacture wind turbine components, a concession to develop a Green Energy Park in Zhenglanqi, Inner Mongolia and a $7.4 million deal to manufacture wind turbine towers for a wind farm.