China's Ming Yang in talks with European wind players over M&A

Ming Yang president for international business development Bruce Li

Chinese wind turbine manufacturer Ming Yang has been involved in talks with European companies over potential mergers and acquisitions, vice president for international business development Bruce Li tells Recharge.

Li says talks with several European businesses have taken place: “We have approached many companies like REpower, Nordex, Kenersys," he says.

“They are approaching us, we approach them. This is a small industry, people know each other so people talk about prospects.”

However, Li says no specific talks over M&A have taken place with Danish turbine giant Vestas, which has been mentioned as a takeover target for Ming Yang.

Li says takeovers of European companies by Chinese wind turbine manufacturers are likely over the next couple of years. He believes important synergies…

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