EnergyWatch

Wind turbine manufacturer seeks re-listing

China's third-largest wind turbine manufacturer wants to use the proceeds from a stock exchange listing to, among other things, build factories for offshore wind turbines rated at 12 MW and upwards.

Photo: Ming Yang Smart Energy

Ming Yang plans to become listed on the Shanghai stock exchange (SSE), according to a prospectus released on Jan. 2.

The document does not disclose how much the Chinese company aims to get out of the listing. However, according to the prospectus, CNY 1.24 billion (EUR 160 million) in proceeds will be used to finance four projects. These include the installation of wind farms as well as constructing two factories in the port city of Yangjiang in Ming Yang's home province, Guangdong, in order to manufacture nacelles and blades for offshore wind turbines rating between "5.5–12 MW and upwards".

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