Mingyang Wind Power Company, a wind turbine producer based in Guangdong, is planning to establish a wind blade factory in Tumuotezuo Banner, Inner Mongolia Autonomous Region, according to a recent report by the Xinhua news agency. Sources with the local government say the factory will be on a 20 hectare site and be will built at a cost of CNY 1 billion ($139.6 million), including CNY 350 million in fixed assets. The facility is expected to produce blades for 500 wind turbines each year with a rated capacity of 1.5 MW. Construction on the factory is scheduled to begin in April with full completion in 2009. Mingyang Wind Power, one of four subsidiaries of the privately owned Mingyang Electric Group founded in 1993, recently entered the United States wind energy market with a framework agreement for delivery of up to 900 MW of turbines by 2012 with American asset manager, GreenHunter Energy (Windpower Monthly, January 2008).