Regarding the Acquisition of Four U.S. Wind Farm Project Companies by Ralls Corporation
President Obama issued a rare presidential order under the Defense Production Act blocking a Chinese-owned company (Ralls Corporation, affiliated with Sany Group) from acquiring four Oregon wind farm projects near a U.S. Navy weapons systems training facility. The order mandates divestment within 90 days (extendable by 3 months), removal of all equipment within 14 days, and imposes ongoing CFIUS oversight and compliance verification.