China - Huayi Electric to set up wind turbine manufacturing base

Zhejiang Huayi Wind Energy Development Co Ltd, a wholly-owned subsidiary of Huayi Electric Co Ltd has signed a strategic cooperation agreement with the municipal government of Dongying, Shandong Province, to build a wind turbine manufacturing base in the city.

According to the agreement, Zhejiang Huayi will invest a total of RMB 1 billion in the new base within three years, which will mainly produce 1.5MW, 2.5MW/3MW wind turbine generator systems (WTGS) and auxiliary equipments.

Upon completion, the manufacturing base is expected to have an annual production capacity of more than 800MW, and the annual output value will exceed RMB 4 billion.

As part of the agreement, the local government will help Zhejiang Huayi obtain orders of 50,000-kilowatt WTGS.

For more information, please contact Trevor Sievert at ts@windfair.net