Chinese wind turbine manufacturer, Ming Yang, has found a way to return its profit through investment in research and development and improvement of its technology.
The company faced annual loss for the last two years, but Ming Yang is now convinced that its luck will change, especially with the Government’s decision to provide more support to the development of wind energy.
In the offshore sector, Ming Yang has recently entered into an agreement with Marin Energi Testcenter AS in Norway to install its 6MW offshore wind turbine there. In addition, The Zhuhai Guishan Offshore Wind Farm will feature Ming Yang’s 3MW super compact drive wind turbines.
The company has also increased its focus on the onshore wind sector, with an aim to boost the efficiency of its 2MW turbines and to develop an onshore wind turbine with more than 3MW capacity per unit, Bloomberg writes.