You are here

China firms form joint venture to build 300MW wind power projects

Wind turbine manufacture Ming Yang signs agreement with China National Nuclear Corporation to build wind farms in Henan province

The joint venture will see the China companies develop up to 300MW of wind power projects in the BRIC country

Two leading China companies have formed a joint venture to build wind power projects to total 300MW in the BRIC country. China Ming Yang Wind Power Group, a leading BRIC wind turbine manufacturer, has announced its subsidiary Guangdong Mingyang has signed an agreement with subsidiary of China National Nuclear Corporation (CNNC), China Nuclear Huineng, which the companies believe will help "further develop the renewable energy markets in China."

The agreement involves the companies forming a joint venture to develop of up to 300MW of wind power projects in Henan province, China. It follows Ming Yang forming other BRIC country partnerships to build up wind power last year. In July 2012, the China wind turbine manufacturer set up a partnership with India company Global Wind Power to build 2,500MW of wind and solar energy projects in the BRIC country.

Mr Chuanwei Zhang, chairman and chief executive officer of Ming Yang, said: "The collaboration with CNNC is strategically important for us to enhance our leading position in renewable energy development in China during the 12th five-year plan period. We will initially focus on developing wind power projects in Henan Province. We believe this collaboration will integrate CNNC's extensive experience and proven track record in clean energy development with Ming Yang's strengths in developing wind turbines and providing total wind power solutions."

Shen Bin, deputy general manager of CNHC, said: "We are very pleased to establish this strategic partnership with Ming Yang. Ming Yang is our partner of choice in the wind power industry in China, which possesses leading expertise in wind turbine manufacturing and various market and financial resources. We believe the alliance with Ming Yang will help us further develop the renewable energy markets in China."