2.5 GW OF INDIA WIND FROM CHINA

Ming Yang to supply 2.5GW to India

James Quilter, 3 July 2012 (Windpower Monthly)

"Ming Yang…[and] Indian Power supply Reliance Capital…[will] set up a joint venture to develop up to 2.5GW of wind projects in India…Reliance Capital will hand over a share in Global Wind Power Limited, a wind power solutions provider in India. Reliance Capital is the largest shareholder in Global Wind Power.

"Ming Yang is to provide engineering, procurement and construction ("EPC") service, including micro-siting, wind resource assessment studies and project financing…Reliance is expected to play a supporting role…[and provide] local market support."

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"Ming Yang is not the first Chinese turbine manufacturer to sell turbines to India. In April last year, Shanghai Electric signed an agreement with KSK Energy of India to export 250MW to India…

"Ming Yang has been pushing to build market share outside China. In February, it announced two deals to supply and build wind farms in Bulgaria totalling 125MW in capacity…[S]ubsidiary Ming Yang Wind Power signed Engineering, Procurement and Construction (EPC) contracts with… developers W. Power and A1 Development EOOD in December 2011."

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