ZHONGSHAN, China, Nov. 27, 2013
/PRNewswire/ -- China Ming Yang Wind
Power (NYSE: MY) ("Ming Yang"
or the "Company"), today announced its subsidiary, Guangdong
Mingyang Wind Power Group Limited, ("Guangdong Mingyang"), has
signed a framework agreement (the "Agreement") with Speranta &
Succesul S.A., a leading renewable energy developer in Romania. The Agreement covers wind farm
development, supply of EPC services and equipment procurement of a
200MW wind farm project.
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Mr. Li Keqiang, Premier of the
People's Republic of China and Mr. Victor Ponta, the Prime Minister of Romania attended the Agreement signing
ceremony during the Second Summit between Chinese and Central and
East European leaders in Bucharest
on Monday, November 25th,
2013. The Agreement marks an important strategic milestone in the
joint cooperation in connection with the energy project development
between China and Romania. The
total level of investment for this wind farm project is
approximately EUR400 million, and the
project is expected to utilize Ming
Yang's innovative 2.0MW large rotor diameter wind turbine
generators ("WTGs"). It is reported to be the largest Chinese WTG
export order to date, according to the relevant industry news in
China.
"Ming Yang is proud to be working
with Speranta & Succesul S.A., and this Agreement marks an
important milestone in Ming Yang's
overseas expansion strategy," commented Mr. Chuanwei Zhang, Chairman and Chief Executive
Officer of Ming Yang. "Ming Yang expects to leverage this opportunity
in Romania as a base of expansion
into Europe and intends to supply
competitive wind power solutions to customers in the region."
For further information, please visit the Company's website:
ir.mywind.com.cn
SOURCE China Ming Yang Wind Power Group Limited