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Ming Yang expects to deliver 2.5GW in 2013

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China Ming Yang Wind Power Group Limited (Ming Yang) reiterated recent statements by its Chairman and Chief Executive Officer, Chuanwei Zhang, that market prices of 1.5MW and 2.0MW domestic wind turbine generators (WTG) are expected to increase up to as much as RMB4,000 per kilowatt this year, and that Ming Yang currently expects to deliver 2.5GW of WTGs in 2013, including domestic and overseas markets.

The company stated that it is working with Reliance Power Limited of India with the aim to install 2.5GW of generation capacity over three years with financing support from China Development Bank Corp. Ming Yang expects to deliver 400MW of combined capacity in overseas markets in 2013 by providing engineering, procurement and construction (EPC) services as well as WTGs to customers in India and eastern Europe, out of which 300MW is expected to be with Reliance Power Limited. Ming Yang also plans to deliver WTGs to two off-shore wind power projects in Guangdong Province in China in 2013, each expected to have 200MW of capacity.
 
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