A-Power Energy Generation Systems Ltd. Signs Letter of Intent to Partner with Jiangsu Miracle Logistics System Engineering Co., Ltd. for Wind Turbine Components

SHENYANG, China, April 27 /PRNewswire-Asia-FirstCall/ — A-Power Energy
Generation Systems, Ltd. (Nasdaq: APWR) (“A-Power” or “the Company”), a
leading provider of distributed power generation (“DG”) systems in China and a
fast-growing manufacturer of wind turbines, today announced it has signed a
Letter of Intent (“LOI”) with Jiangsu Miracle Logistics System Engineering Co.,
Ltd. (“Jiangsu Miracle”) to source wind turbine components including hubs and
main frames from Jiangsu Miracle’s subsidiaries.

Jiangsu Miracle is listed on the Shenzhen Stock Exchange (ticker: 002009)
with a market cap of around $300 million, according to Google Finance. It
started manufacturing wind turbine components in 2005.

Pursuant to the LOI, A-Power intends to use Jiangsu Miracle as a preferred
supplier to source wind turbine components in instances when Jiangsu Miracle’s
price and quality do not differ significantly from A-Power’s other suppliers.
In addition, A-Power and Jiangsu Miracle intend to form a Joint Venture in
Shenyang to manufacture components for both the 2.7mw and the 750kw wind
turbines. The initial prototypes of the components for the 750kw wind turbines
are expected to be finished by end of August 2009.

“We are thrilled to sign up Jiangsu Miracle as an important wind turbine
supplier,” said Mr. Jinxiang Lu, A-Power’s Chairman and CEO. “As a leading
developer and manufacturer of components for wind turbines in China, Jiangsu
Miracle brings value to A-Power’s efforts to economically build China’s
largest wind turbines. We look forward to completing our first prototype this
year.”

About A-Power

A-Power Energy Generation Systems Ltd. (“A-Power”), through its
China-based operating subsidiaries, is the largest provider of distributed
power generation systems in China, focusing on energy-efficient and
environmentally friendly projects of 25MW to 400MW. In 2008, A-Power entered
the wind energy market and has built China’s largest wind turbine
manufacturing facility, located in Shenyang, Liaoning Province, with
technologies licensed from German FUHRLANDER AG and Denmark-based Norwin, and
a total annual production capacity of 1,125MW. In March 2009, A-Power entered
into an agreement to establish a Joint Venture partnership with GE Drivetrain
Technologies to produce wind turbine gearboxes in Shenyang. A-Power also has
strategic relationships with Tsinghua University in Beijing and the China
Academy of Sciences in Guangzhou to develop and commercialize other renewable
energy technologies. For more information, please visit
http://www.apowerenergy.com .

Safe Harbor Statement

This press release may contain forward-looking statements. Any such
statement is made within the ‘safe harbor’ provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as “will,” “expects,” “anticipates,”
“future,” “intends,” “plans,” “believes,” “estimates,” and other similar
statements. Statements that are not historical facts, including statements
relating to anticipated future earnings, margins, and other operating results,
future growth, construction plans and anticipated capacities, production
schedules and entry into expanded markets are forward-looking statements. Such
forward-looking statements, based upon the current beliefs and expectations of
our management, are subject to risks and uncertainties, which could cause
actual results to differ materially from the forward-looking statements,
including but not limited to, the risk that: our limited operating history and
recent entrance into new markets and the wind turbine business may make it
difficult for you to evaluate our business and future prospects; the expected
benefits of supply and partnership agreements may not materialize to the
extent expected or at all; we expect to rely increasingly on our proprietary
products and systems and on technology developed by our licensors and partners,
and if we or our licensors or partners become involved in an intellectual
property dispute, we may be forced to spend considerable resources resolving
such dispute; we may experience construction and development delays on our
projects which could adversely affect our financial condition and operating
results; a decrease in the rate of growth of China’s industry and economy may
lead to a decrease in our revenues because industrial companies in China are
our principal source of revenues, as well as other relevant risks detailed in
our filings with the Securities and Exchange Commission, including those set
forth in our annual report filed on Form 20-F for the fiscal year ended
December 31, 2007. The information set forth herein should be read in light of
such risks. We assume no obligation to update the information contained in
this press release, except as required under applicable law.

    For more information, please contact:

     John S. Lin
     Chief Strategy Officer
     A-Power Energy Generation Systems
     Email: john@apowerenergy.com

     Valentine Ding / Dixon Chen
     Investor Relations
     Grayling
     Tel:   +1-646-284-9412
     Email: valentine.ding@us.grayling.com
            dixon.chen@us.grayling.com

SOURCE A-Power Energy Generation Systems, Ltd.