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Welwind Energy International Corp. (OTCBB: WWEI) continues to have a great week of positive news, and investors should be watching this one closely! Early this morning, the company, a developer and operator of wind farm projects in China and Canada, issued a press release announcing that Ludlow Energy Ventures, Inc. upgrades its research rating on Welwind Energy International Corp. with a 'speculative' A- rating, and price target of $0.60 to $0.70 per share.

More good news! Welwind Energy's recent announcement of final approval from the local regional Mayor for their power purchase agreement (PPA) for the Zhanjiang wind farm project now positions the Company for the expansion and streamlining for future wind project PPAs in China. The details of the PPA terms are expected to be announced sometime in the next few weeks. According to the release, Ludlow Energy anticipates the first PPA could be valued around $90 million, and with around 190 million shares issued and outstanding, this would give WWEI a valuation of around $90 million, or around $0.40 to $0.50 per share.

Aside form the Zhanjiang wind farm project, investors should also take notice of their Ningxia Tianjing Helanshan and A La Shan Zuo Qi' wind farm projects, which currently hold exsisting power purchase agreements (PPA) with the Chinese government. The press release goes on to state that these two projects are much further along and with $90 million value per 49 MW, and currently four 49 MW projects ongoing in different stages, that equates to $360 million in current wind farm projects on the burner in China alone. The Company currently holds plans for a total of 2,000 MW for their wind farm projects in China.

Aside from China, the Company is taking steps to expand their portfolio into North America as they have announced they have secured 6080 acres for their 100 MW Peace Region Project in British Columbia, Canada. The Company also announced joint venture plans with their partner Windcor Power Systems to develop another 200 MW wind farm project located in Southern Alberta. The company may also be well positioned to benefit from potential US projects through the Obama Administration's 'New Energy Plan for America,' which plans to invest $150 billion into clean and renewable energy projects in the United States.

Also according to the press release, the Company has secured financing commitments for their Chinese and Canadian wind farm projects through Global Financial & Capital Corp. and Acterra Group, which should be structured as debt or 'bond' stakes within the wind projects, and thus should not produce any undue dilution to the Company common stock.

Overall, with the projects the Company is developing in their portfolio, Ludlow Energy Ventures is upgrading its rating on Welwind Energy International Corp. from a 'speculative' B+ to A-, and maintaining its price target of $0.60-$0.70 per share.

For a link to the full investment opinion, and risks associated with this company visit -- http://www.ludlowenergy.com/reports/wwei.html.