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Global Wind receives approval to sell China Ming Yang turbines in India

Global Wind Power gains CWET approval to sell China Ming Yang manufactured 1.5MW turbines in Indian market

Wind turbine
The 1.5MW turbine from China Ming Yang has been certified for sale by India’s Centre for Wind Energy Technology (CWET)

Global Wind Power, a venture between Reliance Capital (RCAPT) and China Ming Yang Wind Power Group, has been given the green light to sell China-made turbines in the Indian market. The 1.5MW turbine manufactured by China Ming Yang is has been certified by the Centre for Wind Energy Technology (CWET), an autonomous R&D institution under the Ministry of New and Renewable Energy (MNRE). 

Global Wind Power said Chinese producers such as Sinovel Wind Group, Dongfang Electric and Shanghai Electric have won Indian orders to diversify out of an oversupplied home market. Global Wind, which assembles turbines in India from Ming Yang parts, will seek approval for a second 1.5MW machine by May.

Hiren Shah, CEO at Global Wind Power, said that the latest arrangement with Ming Yang may allow global Wind to “tap Chinese lenders for export finance to construct wind farms in India” where developers' borrowing costs can be as high as 15 per cent.

The Chinese wind turbine manufacturer is keen on strengthening its business in Asia and Europe. Ming Yang acquired a stake in Reliance Group unit Global Wind Power to develop as much as 2,500MW of wind capacity in India by 2015. Additionally, the company also signed a memorandum of understanding (MOU) with Reliance Power to collaborate on development of clean energy projects.

China Ming Yang Wind Power has this month also received a 200MW wind farm project from Speranta & Succesul, a renewable energy developer in Romania. The agreement is expected to strengthen Ming Yang’s presence in the Europe.

Chuanwei Zhang, chairman of Ming Yang, said: "Ming Yang is proud to be working with Speranta & Succesul, and this agreement marks an important milestone in Ming Yang's overseas expansion strategy. Ming Yang expects to leverage this opportunity in Romania as a base of expansion into Europe and intends to supply competitive wind power solutions to customers in the region."