Ming Yang 200MW Romania wind deal
China’s Ming Yang Wind Power says a deal to build and equip 200MW of capacity in Romania will give it “a base of expansion into Europe” .
Ming Yang said a framework agreement with Romanian developer Speranta & Succesul “covers wind farm development, supply of EPC services and equipment procurement of a 200MW wind farm project”.
The plant in question will cost about €400m ($541.2m) to build and is expected to use Ming Yang’s 2MW model.
In a statement to its investors, New York-listed Ming Yang said the contract is being described in China as the largest export deal yet signed by one of the nation’s wind turbine-makers.
Chinese Premier Li Keqiang and Romanian Prime Minister Victor Ponta attended the singing of the wind agreement in Bucharest.
Ming Yang CEO Zhang Chuanwei said: “This agreement marks an important milestone in Ming Yang's overseas expansion strategy
"Ming Yang expects to leverage this opportunity in Romania as a base of expansion into Europe and intends to supply competitive wind power solutions to customers in the region."
In an interview with Recharge earlier this year Zhang revealed that his company was in talks over projects in Northern and Eastern Europe, which it is targeting along with India for its overseas expansion ambitions.
Last week Ming Yang said it booked more than 1GW of orders in the first three quarters of the year.