China Ming Yang lands 1.1GW January bids in January

China Ming Yang Wind Power won a total of 1.1GW new bids in January 2011. It includes 200MW for its 2.5/3.0MW Super Compact Drive wind turbine generators in both onshore and offshore tenders.

Ming Yang reports that it won bids in all tenders in which it participated, with the aggregate winning bids in excess of 20 per cent of the amounts available for tender. Over 75 per cent of the new bids won were from the top 5 national wind farm operators, including Huandian Power International, Huaneng Power International, Datang International Power Generation, Datang New Energy and China Longyuan Power, further improving its customer mix among national and provincial operators.

"I am very excited about Ming Yang's outstanding performance in January, which we expect to help drive a strong pace of growth in 2011," said Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang. "Our SCD product continues to gain market acceptance in both onshore and offshore markets, and our supply chain conference held recently in Zhongshan demonstrates our continual commitment to reduce our costs and achieve attractive gross margins."

"In light of China's 12th Five-Year Plan on the nation's commitment to environmental protection and energy efficiency improvement, the Government of Guangdong Province has identified Ming Yang as a sector model for innovation," continued Mr. Zhang. "Consequently, under the special guidance of the governor, the provincial government released a policy document explicitly supporting Ming Yang in its course to be a leader in the renewable energy industry. We believe Ming Yang will benefit from favorable government policies in areas such as EPC projects, advanced wind and photovoltaic hybrid power solutions and research and development, as Guangdong Province continues to leverage its wind resources to expedite offshore wind power development in the region."

Mr. Zhang added, "We appreciate the support and commitment rendered by our suppliers and shareholders, and together with the favorable policies of the Guangdong Government, we believe Ming Yang is well placed to capture a greater share of the wind power market in China."