China Ming Yang Wind Power Group Limited has announced that the Company, through Ming Yang Holdings (Singapore) has entered into definitive agreements with Reliance Capital Limited and its related entities.
In addition, the Company has signed a Memorandum of Understanding with Reliance Power Limited to co-develop a large portfolio of clean energy projects. Under the Agreements, Ming Yang Singapore plans to establish a joint venture with Reliance Capital by subscribing new shares to a significant stake in the share capital of Global Wind Power Limited (GWPL) in which Reliance Capital Limited and its related entities are currently the largest shareholders. According to the MOU, China Ming Yang Wind Power Group Ltd. is expected to provide total engineering, procurement and construction (EPC) solutions, including micro-siting, wind resource assessment studies, project financing and other services for the proposed projects for Reliance and third parties. Reliance is expected to play a supporting role in facilitating these proposed projects in addition to providing local market support.
In addition, the Company has signed a Memorandum of Understanding with Reliance Power Limited to co-develop a large portfolio of clean energy projects. Under the Agreements, Ming Yang Singapore plans to establish a joint venture with Reliance Capital by subscribing new shares to a significant stake in the share capital of Global Wind Power Limited (GWPL) in which Reliance Capital Limited and its related entities are currently the largest shareholders. According to the MOU, China Ming Yang Wind Power Group Ltd. is expected to provide total engineering, procurement and construction (EPC) solutions, including micro-siting, wind resource assessment studies, project financing and other services for the proposed projects for Reliance and third parties. Reliance is expected to play a supporting role in facilitating these proposed projects in addition to providing local market support.