Under the terms of the memorandum of understanding, Ming Yang proposes to develop advanced supply chain capabilities in Hebei province focused on wind power equipment and wind/solar hybrid storage solutions, including a carbon fiber manufacturing facility for the manufacture of 3-6MW large-scale wind turbines blades and battery systems for wind/solar hybrid energy storage.
The Hebei government is expected to designate a minimum of 1GW of wind energy and solar power capacity in Chengde as well as at least 2 GW of offshore wind farm capacity on Hebei‘s coast for Ming Yang and certain utility operators to develop.
Hebei is located in the North China region between the Inner Mongolian Plateau and the Bohai Sea, supplying rich onshore and offshore wind resources. In addition, Hebei borders major industrial and population centers, including Beijing, providing significant opportunities for the wind power market.
Mr. Chuanwei Zhang, Chairman and CEO of Ming Yang, commented, “We believe this cooperation with the Hebei government will enhance our ability to grow our business and further expand our market share in China.”
China Ming Yang Wind Power Group Limited (NYSE: MY) is a leading and fast-growing wind turbines manufacturer in China, focusing on designing, manufacturing, selling and servicing megawatt-class wind turbines. Ming Yang produces advanced, highly adaptable wind turbines with high energy output and low energy production costs and provides customers with comprehensive post-sales services.
Ming Yang cooperates with aerodyn Energiesysteme, one of the world’s leading wind turbine design firms based in Germany, to develop wind turbines and share intellectual property rights. Ming Yang‘s key customers include the five largest state-owned power producers in China, with an aggregate installed capacity accounting for more than 50% of China‘s newly installed capacity in 2009.