Ming Yang, Guangdong Nuclear to jointly focus on offshore wind projects
Guangdong Mingyang Wind Power Group and China Guangdong Nuclear Power will join forces to develop renewable power projects.These include the Golden Bay offshore wind power project in Jieyang, Guangdong province.
In addition, both companies will promote onshore and offshore wind power project developments in Fujian province, and promote overseas market opportunities.
A strategic cooperation agreement has been signed by the two groups.
Under the agreement, both the firms will collectively establish a renewable energy fund and improve utilisation of wind and solar power through research and development.
Chuanwei Zhang, Ming Yang chairman and CEO, said the latest collaboration is strategically significant for the company which is pursuing off-shore wind power development in China.
"We will focus on developing offshore wind power projects in Guangdong and Fujian provinces," Zhang added.
"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."
Shi Bing, CGNPC deputy general manager, said: "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."