Mingyang to invest CNY 100 million in research for MySE10MW

Mingyang to invest CNY 100 million in research for MySE10MW

115

Mingyang has received approval from the China Securities Regulatory Commission for the company’s public offering of Convertible Corporate Bonds with a total value of CNY 1.7 billion for a period of six years.

According to the company, CNY 100 million will be invested in a research program for the MySE10MW offshore wind turbine and key components.

As of the end of June 2019, the company had in hand wind turbine orders of 12.242GW, which included 3.441GW of 5.5MW offshore wind turbines, 400MW of 6.0MW offshore wind turbines and 154MW of 7.0MW offshore wind turbines. In total, OWT orders accounted for 33% of the company’s total wind turbine sales. (Finance Sina)