Ming Yang wins 87 MW offshore wind energy deal

China Ming Yang Wind Power has secured a deal to construct and supply a 87 MW portion of a 100 MW offshore wind tender near Zhuhai Guishan Island, Guangdong Province, China.

China Ming Yang Wind Power (NYSE: MY) (“Ming Yang” or the “Company”), announced that it has secured a total of 87MW in the first tranche of tender for off-shore wind power near Zhuhai Guishan Island, Guangdong Province, China. The winning bid comprises of 29 units of 3MW super compact drive (“SCD”) wind turbine generators (“WTGs”) , which is in excess of 85% of the aggregate 100MW available for this tender in the first tranche of this project. The wind project is to be developed by Southern Off-shore Wind Power Joint Development Company, controlled by China Southern Power Grid Ltd. Ming Yang will be providing a complete technology and construction solution including WTGs, turbine towers and foundation structures as well as project management. Construction is anticipated to begin in October 2013 and be completed by the end of 2014. The bid is subject to the execution of the relevant definitive agreements.

“This bid marks an important milestone in the practical commercial off-shore tender in Guangdong Province and in China, I am very excited that Ming Yang has managed to secure a substantial part of the first tranche of this tender available using our SCD technology,” said Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang. “This is a clear endorsement of Ming Yang’s SCD technology, and heralds a new phase of off-shore wind power generation in China.”

China Ming Yang Wind Power Group Limited (NYSE: MY) is a leading wind turbine 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 provides customers with comprehensive post-sales services. Ming Yang cooperates with aerodyne Energiesysteme, one of the world’s leading wind turbine design firms based in Germany, to co-develop wind turbines. In terms of newly installed capacity, Ming Yang was a top 10 wind turbine manufacturer worldwide and the largest non-state owned wind turbine manufacturer in China in 2012.