CGNPC, Ming Yang partner to develop renewable projects in China

Energy services provider China Guangdong Nuclear Power Holding (CGNPC) and Guangdong Mingyang Wind Power Group will jointly develop renewable projects in China under a partnership agreement signed by the two companies recently.

Guangdong Mingyang Wind Power Group is a subsidiary of wind turbine manufacturer China Ming Yang Wind Power Group.

The partnership’s main focus will be on developing wind and solar projects in Guangdong and Fujian provinces. Development of onshore and offshore wind power projects in the Fujian province are a part of it.

The strategic cooperation agreement signed by the partners additionally covers other wind and solar projects, including the Golden Bay offshore wind power project in Jieyang in Guangdong province.

The two companies will also establish a renewable energy fund, conduct research and development in renewable energy and together look at global wind and solar opportunities.

China Ming Yang Wind Power Group chairman and CEO Chuanwei Zhang said, "We will focus on developing off-shore wind power projects in Guangdong and Fujian provinces. We believe the collaboration will help combine CGNPC’s extensive experience and strong record in clean energy development with Ming Yang’s strengths, consolidate Ming Yang and CGNPC’s international business and capture international market opportunities," he added.

CGNPC deputy general manager Shi Bing said, "Ming Yang is our partner of choice in the wind power industry in China, which possesses leading expertise in wind turbine manufacturing and various market and financial resources. We believe the alliance with Ming Yang will help us further develop the wind power markets in Guangdong and Fujian, accelerating Guangdong province’s new energy developments."