CHINA WIND CLOSES NON-BROKERED PRIVATE PLACEMENT OFFERING FOR GROSS PROCEEDS OF $4.3 MILLION

TORONTO, Nov. 23 /CNW/ -- 
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/


- Schedules Annual General Meeting for December 2 in Toronto -


TORONTO, Nov. 23 /CNW/ - China Wind Power International Corp. (TSX-V: CNW) ("China Wind" or the "Company") today announced that it has
 closed a non-brokered private placement offering of 2,408,131 common
 shares of the Company at a price of $1.80 CDN per share for gross
 proceeds of C$4,334,636.


The Company's current largest shareholder Ruihao Trust subscribed for
 950,403 shares under the Offering, representing approximately 39.47% of
 total shares issued through the private placement. Certain other
 directors and senior officers of the Company also subscribed for
 1,457,729 shares under the Offering, representing 60.53% of total
 shares issued through the private placement. The securities issued as a
 result of the private placement are subject to a four-month hold period
 from the date of issue.


Proceeds from the offering will be used for the construction of Phase 2
 of the Company's wind farm development project, as well as for working
 capital and general corporate purposes. No commissions will be paid in
 connection with the private placement.


The Offering was made as a condition of an approximate CDN $50 million
 banking loan arrangement that the Company is currently in the final
 stages of processing. China Wind Power will use the funds of the loan
 to complete construction of Phase 2 of its planned five phase wind farm
 development project.  When fully completed, Phase 2 will consist of 35
 turbines and a combined capacity of 49.5 MW of renewable energy.  China
 Wind is committed to completing a five phase wind farm in 2014 that
 will ultimately provide 546 MW of capacity


Annual General Meeting


The Company also announced that its annual general meeting of
 shareholders will be held on December 2 at 4:00 pm at the Hilton Hotel
 in Toronto. Proxy materials have been distributed to shareholders.
 Additional information can be found on the Company's SEDAR profile.


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 546 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, visit
 our investor relations blog at http://chinawindpower.posterous.com or follow us on Twitter at http://twitter.com/ChinaWindPower


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 May 29, 2009 relating to the Company's
 reverse take-over with Berkshire Griffin Inc., 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.


Neither TSX Venture Exchange nor its Regulation Services Provider (as
 that term is defined in the policies of the TSX Venture Exchange)
 accepts responsibility for the adequacy or accuracy of this release.




tabletr valign="top"td align="left"Wendell Zhangbr/ Chief Financial Officerbr/ China Wind Power International Corp.br/ Tel: [phone]br/ Email: a href="mailto:[e-mail]"[e-mail]/a/td td /td td align="left"Joe Racanellibr/ Investor Relationsbr/ The Equicom Group Inc.br/ Tel: [phone] ext 243br/ Email: a href="mailto:[e-mail]"[e-mail]/a /td/tr/table

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