China’s Ming Yang Smart Energy (MYSE) wants to develop a 15MW offshore wind turbine and 10MW floating machine using 6bn yuan ($850m) raised by a planned share issue, the company told investors.

Plans for the 14-15MW prototype turbine – which would be among the largest designs underway in the world – and the super-sized floating model were revealed along with proposals for more wind farm investments as Ming Yang seeks to embark on its third and largest fundraising in 15 months, following an initial public offering (IPO) in January 2019 that raised 2.5bn