China Ming Yang Wind Power (NYSE: MY) (“Ming Yang” or the “Company”), today announced that according to the preliminary statistics of Chinese Wind Energy Association (CWEA), China’s new wind installations reached approximately 23.35GW in 2014, with an increase of 45.1% from 2013.
According to CWEA’s preliminary statistics, Ming Yang consolidated third position in terms of the newly installed capacity in China in 2014, with an increase of approximately 1% from 2013 in the market share of China’s total newly installed capacity.
“Based on our current delivering schedule and our order backlog, we feel confident to further reinforce our market share in China in 2015,” said Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang, “Leveraging our unique advantages of offshore engineering solutions, we expect Ming Yang to acquire a larger market share in the off-shore regime in 2015.”
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 2013.