Chinese MingYang Smart Energy enters UK wind market

Wind Industry Profile of

MingYang Smart Energy (“MingYang”) and UK Department for International Trade (“DIT”) announced that they have entered into a Memorandum of Understanding (“MoU”) to cooperate to realize an investment by MingYang into the UK’s offshore wind sector.

Qiying Zhang, President and CTO of MingYang, and John Edwards, Her Majesty’s Trade Commissioner to China of DIT, jointly signed the MoU online today. The agreement will focus on MingYang investing in a blade manufacturing factory, a service center and conceivably a turbine assembly factory in the UK. Following this MoU, both parties will work together to complete a final investment agreement of the above-mentioned factories once all pre-conditions are fulfilled. Furthermore, MingYang and DIT will collaborate... ... More: Official Press Release MingYang Smart Energy

Keywords:

MingYang Smart Energy, UK, market, manufacturer, MoU, enter, blade factory, turbine, offshore, onshore, production facility