China Wind Power Provides Update on Bank Financing and Phase II Wind Farm

China Wind Power International Corp. (TSX VENTURE:CNW) ("China Wind Power" or
the "Company"), an independent wind power producer in China, has provided an
update with regards to its loan agreement with the Agricultural Development Bank
of China (the "Bank"). The Company confirms that it has received 50 million Yuan
of the remaining 120 million available under the original 330 million Yuan loan
approved by the Bank.


"We were originally expecting the full 120 million Yuan to be disbursed earlier
and all at once, which would have enabled us to complete our 49.5 MW Phase II
wind farm," said Mr. Jun Liu, Chief Executive Officer, China Wind Power. "In
2011, China increased the requirements on bank reserves. Accordingly, banks
increased their loan interest by adding a premium on the prime rate and gave
priority to higher interest loans in order to maintain their earnings. We are
fortunate that we still managed to obtain this loan at the prime rate without a
premium. However, the Bank only disbursed 50 million Yuan before the end of the
calendar year. While we expect to receive the remaining 70 million Yuan any day
now, this has unfortunately pushed back our timeline for completing Phase II."


The Company confirms that the remaining 13 turbines required for the 49.5 MW
wind farm have been assembled in the supplier's warehouse awaiting delivery.
Contingent on the timing of the final disbursement from the Bank, the Company
now expects to complete Phase II by spring of this year.


The timing of the final loan disbursement and the delay in completing Phase II
do not have any impact on the construction of the Company's 198 MW Phase III
wind project. Phase III is being constructed under more favourable financial
terms through an engineering, procurement and construction contract with a
different turbine supplier than Phase II. Foundations have been laid for all 132
turbines at Phase III, with construction expected to be completed by the end of
June 2012. 


About China Wind Power International Corp.

China Wind Power International Corp. is an Ontario company that is uniquely
positioned to capitalize on the growing demand for wind power in China. The
Company indirectly holds the exclusive rights for wind energy development in Du
Mon County, Heilongjiang Province, which has a demonstrated potential installed
capacity of 1,150 MW of wind energy developable over an area of 612 square km.
While 1,150 MW represents the Company's long-term potential for wind power in
the area, its current plans are for building out approximately 800 MW over five
development phases. The Company's common shares are listed on the TSX Venture
Exchange under the symbol "CNW". The Company has approximately 63.9 million
shares outstanding.


For more information and the latest updates on China Wind Power International
Corp., visit our investor relations blog at http://chinawindpower.posterous.com
or follow our updates on Twitter at http://twitter.com/ChinaWindPower. 


Caution Regarding Forward-Looking Statements

Certain statements that are not historical facts made in this press release may
be forward looking statements subject to risks and uncertainties. Statements
containing words such as "will", "could", "expect", "may", "anticipate",
"believe", "intend", "estimate", "plan" and other similar expressions are
forward-looking statements that represent management's beliefs at the time the
statements are made and are based on certain factors and assumptions including
wind farm construction and commercial production schedule, output and capacity,
revenue and earnings expectations and market potential. These forward-looking
statements are subject to a variety of risks and uncertainties and other factors
that could cause actual events to differ materially from those projected in
forward-looking statements. Important factors that could cause actual results to
differ materially from the Company's expectations include uncertainties
involving the availability of financing; fluctuations in currency exchange
rates; uncertainties relating to economic and market conditions; uncertainty of
estimates of capital and operating costs; the need to obtain additional
financing to develop the projects and uncertainty as to the availability and
terms of future financing; the possibility of delay in construction projects and
uncertainty of meeting anticipated program milestones; uncertainty as to timely
availability of permits and other governmental approvals; and other risks and
uncertainties disclosed in the information circular dated November 5, 2010,
which is available at www.sedar.com under the Company's profile. Except as
required by applicable securities laws, the Company undertakes no obligation to
update any forward looking statement to reflect events or circumstances after
the date on which such statement is made.