The European unit of Chinese wind turbine manufacturer Ming Yang Smart Energy Group Ltd (SHA:601615) has joined Norwegian Offshore Wind, Norway’s offshore wind industry group with around 300 members across the value chain.
“Norway is the birthplace of floating offshore wind, and Norwegian Offshore Wind has built an industry community that we genuinely want to learn from and contribute to. Our ambition in Europe is to manufacture locally, partner locally and innovate locally,” said Horatio Evers, CEO Ming Yang Europe.
Norway targets 30 GW of offshore wind capacity by 2040, with an accent on floating wind. Ming Yang is also interested in this segment through its OceanX floating offshore wind platform.
The move follows Ming Yang Europe’s recent entry into the German Offshore Wind Association (BWO) and is in line with its broader European strategy, which includes plans for local manufacturing and partnerships, a Thursday statement says.
“The ambitions agreed at the North Sea Summit in Hamburg earlier this year, 300 GW of offshore wind by 2050, 15 GW installed annually from 2031, make one thing clear: this transition will only succeed if European and international technology providers pull together,” Horatio Evers said in a social media post, adding that Ming Yang is determined to play its part.
Ming Yang has been actively pursuing an entry into the European wind market, which remains controlled by European suppliers. In March, the UK government blocked the company from developing a manufacturing hub in the Scottish Highlands, citing national security concerns. Earlier in May, the Chinese manufacturer was reported to be exploring other locations in Europe, including Spain, for a factory.
Meanwhile, on Thursday, it was also announced that Ming Yang will consider investing in an offshore wind project in Canada.
