China Ming Yang Wind Power (NYSE: MY) 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
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