The fund will be will be established and managed by Oriental Millennium, a fund management company owned by Ming Yang chairman and chief executive Chuanwei Zhang.
Ming Yang, the third largest China-based supplier of wind turbines globally last year, will invest as much as 1bn yuan into the fund, and another 28m yuan into the fund management company.
Other investors in the fund will include CGN Wind Energy – a unit of China General Nuclear Power Group – and Shenzhen Energy Group.
