ZHONGSHAN, China, Sept. 30, 2013
/PRNewswire/ - China Ming Yang Wind
Power (NYSE: MY) ("Ming Yang"
or the "Company"), announced that it has secured a total of 87MW in
the first tranche of tender for off-shore wind power near Zhuhai
Guishan Island, Guangdong
Province, China. The winning bid comprises of 29 units of
3MW super compact drive ("SCD") wind turbine generators ("WTGs") ,
which is in excess of 85% of the aggregate 100MW available for this
tender in the first tranche of this project. The wind project is to
be developed by Southern Off-shore Wind Power Joint Development
Company, controlled by China Southern Power Grid Ltd. Ming Yang will be providing a complete
technology and construction solution including WTGs, turbine towers
and foundation structures as well as project management.
Construction is anticipated to begin in October 2013 and be completed by the end of 2014.
The bid is subject to the execution of the relevant definitive
agreements.
"This bid marks an important milestone in the practical
commercial off-shore tender in Guangdong
Province and in China, I am
very excited that Ming Yang has
managed to secure a substantial part of the first tranche of this
tender available using our SCD technology," said Mr. Chuanwei Zhang, Chairman and Chief Executive
Officer of Ming Yang. "This is a
clear endorsement of Ming Yang's SCD
technology, and heralds a new phase of off-shore wind power
generation in China."
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "to be," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates," "target," "goal," "strategy" and similar statements.
Such statements are based upon management's current expectations
and current market and operating conditions, and relate to events
that involve known or unknown risks, uncertainties and other
factors, all of which are difficult to predict and many of which
are beyond Ming Yang's control,
which may cause Ming Yang's actual
results, performance or achievements to differ materially from
those in the forward-looking statements. Actual results or events
may differ from those anticipated or predicted in this press
release, and the differences may be material. Further information
regarding these and other risks, uncertainties or factors is
included in Ming Yang's filings with
the U.S. Securities and Exchange Commission. Ming Yang does not undertake any obligation to
update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
applicable law.
About China Ming Yang Wind Power Group Limited
China Ming Yang Wind Power Group Limited (NYSE: MY) is a leading
wind turbine manufacturer in China, focusing on designing, manufacturing,
selling and servicing megawatt-class wind turbines. Ming Yang produces advanced, highly adaptable
wind turbines with high energy output and provides customers with
comprehensive post-sales services. Ming
Yang cooperates with aerodyne Energiesysteme, one of the
world's leading wind turbine design firms based in Germany, to co-develop wind turbines. In terms
of newly installed capacity, Ming
Yang was a top 10 wind turbine manufacturer worldwide and
the largest non-state owned wind turbine manufacturer in
China in 2012.
For further information, please visit the Company's website:
ir.mywind.com.cn
For investor and media inquiries, please contact:
Investor and Media Contacts:
China Ming Yang Wind Power Group Limited
Beatrice Li
+86-760-2813-8898
ir@mywind.com.cn
SOURCE China Ming Yang Wind Power Group Limited