CHINA WIND SECURES FIRST TRANCHE OF $50 MILLION LOAN

TORONTO, Dec. 13 /CNW/ -- 
- Financing will support completion of 49.5 MW wind farm project -     


TORONTO, Dec. 13 /CNW/ - China Wind Power International Corp. (TSX-V: CNW) today announced that it has received the first tranche of a
 new 330,000,000 Yuan (approximately CDN$50 million) loan agreement
 signed with the Agricultural Development Bank of China, the Company's
 lender of record. The first tranche will consist of 140,000,000 Yuan
 (approximately CDN$21.2 million). The loan carries a basic commercial
 lending interest rate over the nine-year term, currently at 6.14%.


"We are very honoured that the Agricultural Development Bank of China
 has extended its relationship with us and is prepared to support our
 vision of becoming the leading wind farm operator in Heilongjiang
 province," said Mr. Jun Liu, China Wind's Chief Executive Officer. "In
 light of the recent tightening of monetary policies, our loan provides
 further evidence of the Chinese government's clear commitment to wind
 energy power."


China Wind will use the funds to complete construction of Phase 2 of its
 planned five phase wind farm development project. 


"We are well on our way towards the completion of Phase 2 having
 installed 17 of our planned 35 turbines already.  Given our recent
 progress, we anticipate completion of Phase 2 in the second quarter of
 calendar 2011," Mr. Liu also said.


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.


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.


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table valign="top" border="0"tr 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 align="left" /td td align="left" /td td align="left" /td td align="left" /td td align="left" /td td align="left" /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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