You are here

Chinese firms join up to develop offshore wind power

Ming Yang signs agreement with CGNPC to work on offshore wind projects in China

MY and CGNPC will focus on building up offshore wind power in China

A leading Chinese turbine manufacturer is working with a clean energy supplier in the BRIC country to make developments in offshore wind. China’s Ming Yang has announced that its subsidiary group Guangdong Mingyang has signed an agreement with China Guangdong Nuclear Power Holding Company (CGNPC) to develop offshore wind power projects in the country.

Under the Agreement, Guangdong Mingyang and CGNPC will join forces to develop offshore wind projects across a series of areas. These include: working closely on the Golden Bay offshore wind power project in Jieyang, Guangdong province with the objective to become a model for similar projects in China; promoting the developments of onshore and offshore wind power projects in the Fujian province; promoting overseas market opportunities; establishing a renewable energy fund; and improving utilisation of wind power through research and development.

Chuanwei Zhang, chairman and chief executive officer of Ming Yang, said: "The collaboration with CGNPC is strategically important for us to establish our leading position in offshore wind power development in China. We will focus on developing offshore wind power projects in Guangdong and Fujian provinces.

“We believe the collaboration will help combine CGNPC's extensive experience and strong record in clean energy development with Ming Yang's strengths, consolidate Ming Yang and CGNPC's international business and capture international market opportunities," Zhang added.

CGNPC deputy general manager Shi Bing, 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 wind power markets in Guangdong and Fujian, accelerating Guangdong province's new energy developments.”