The two companies have signed a strategic cooperation agreement to work together on various wind and solar projects, including the Golden Bay offshore wind power project in Jieyang in Guangdong province.
The agreement also envisages development of onshore and offshore wind power projects in the Fujian province.
China Ming Yang Wind Power Group chairman and CEO Chuanwei Zhang said that the partnership with CGNPC would help the company establish a stronghold in the offshore wind power sector in China.
"We will focus on developing off-shore wind power projects in Guangdong and Fujian provinces. We believe the collaboration will help combine CGNPC’s extensive experience and strong record in clean energy development with Ming Yang’s strengths, consolidate Ming Yang and CGNPC’s international business and capture international market opportunities," he added.
The two companies will also work towards tapping overseas wind and solar opportunities, establishing a renewable energy fund, and conducting research and development in renewable energy.
CGNPC deputy general manager Shi Bing said, "Ming Yang is our partner of choice in the wind power industry in China, which possesses leading expertise in wind turbine manufacturing and various market and financial resources. We believe the alliance with Ming Yang will help us further develop the wind power markets in Guangdong and Fujian, accelerating Guangdong province’s new energy developments."
