Isra-Mart srl:China inks latest round of wind farm mega-deals

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Isra-Mart srl news:

China Ming Yang Wind Power yesterday became the latest renewable energy firm to benefit from the country's wind energy boom, announcing that it has won a bid to install 200MW of wind capacity in China's Xinjiang Uygur region.

The firm will co-develop the project with Xinjiang Huaran Oriental New Energy, a local independent power producer.

Ming Yang said it will install 67 of its 3MW turbines, with the total contract valued at around 824m yuan ($124m). The project is one of an expected ten wind farms in the area.

Chuanwei Zhang, chief executive of Ming Yang, said the deal was an endorsement of the firm's technology.

"We strongly believe that we are a technology leader in China's wind power equipment industry and are well positioned to capture a greater share of the wind power market in China," he said.

Earlier this week the manufacturer also announced that it had signed a memorandum of understanding with the government of Hebei to co-operate on a series of proposed wind energy projects in northern China.

Under the terms of the deal, Ming Yang proposes to develop advanced supply chain capabilities in Hebei province for wind power equipment – including a manufacturing facility for large-scale wind turbine blades – as well as wind/solar hybrid storage solutions.

The Hebei government is expected to commission a minimum of 1GW of wind and solar power capacity in the province's capital, Chengde, as well as at least 2GW of offshore wind power capacity on Hebei's coast for future development.

Also this week, Chinese firm Xinjiang Goldwind announced it has won eight tenders worth a total of 4.77bn yuan ($730m) to supply 1.1GW of wind turbines to eight wind farm developers for projects across the country.

China is expected to have installed 17GW of new wind power capacity in 2010, an increase of about 55 per cent year on year.