ZHONGSHAN, China, Nov. 26, 2013
/PRNewswire/ -- China Ming Yang Wind
Power (NYSE: MY) ("Ming Yang"
or the "Company"), today announced its subsidiary, Guangdong
Mingyang Wind Power Group Limited, ("Guangdong Mingyang"), has
signed a framework agreement (the "Agreement") with Speranta &
Succesul S.A., a leading renewable energy developer in Romania. The Agreement covers wind farm
development, supply of EPC services and equipment procurement of a
200MW wind farm project.
Mr. Li Keqiang, Premier of the
People's Republic of China and Mr. Victor Ponta, the Prime Minister of Romania attended the Agreement signing
ceremony during the Second Summit between Chinese and Central and
East European leaders in Bucharest
on Monday, November 25th,
2013. The Agreement marks an important strategic milestone in the
joint cooperation in connection with the energy project development
between China and Romania. The
total level of investment for this wind farm project is
approximately EUR400 million, and the
project is expected to utilize Ming
Yang's innovative 2.0MW large rotor diameter wind turbine
generators ("WTGs"). It is reported to be the largest Chinese WTG
export order to date, according to the relevant industry news in
China.
"Ming Yang is proud to be working
with Speranta & Succesul S.A., and this Agreement marks an
important milestone in Ming Yang's
overseas expansion strategy," commented Mr. Chuanwei Zhang, Chairman and Chief Executive
Officer of Ming Yang. "Ming Yang expects to leverage this opportunity
in Romania as a base of expansion
into Europe and intends to supply
competitive wind power solutions to customers in the
region."
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "to be," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates," "target," "goal," "strategy" and similar statements.
Such statements are based upon management's current expectations
and current market and operating conditions, and relate to events
that involve known or unknown risks, uncertainties and other
factors, all of which are difficult to predict and many of which
are beyond Ming Yang's control,
which may cause Ming Yang's actual
results, performance or achievements to differ materially from
those in the forward-looking statements. Actual results or events
may differ from those anticipated or predicted in this press
release, and the differences may be material. Further information
regarding these and other risks, uncertainties or factors is
included in Ming Yang's filings with
the U.S. Securities and Exchange Commission. Ming Yang does not undertake any obligation to
update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
applicable law.
About China Ming Yang Wind Power Group Limited
China Ming Yang Wind Power Group Limited (NYSE: MY) is a leading
wind turbine manufacturer in China, focusing on designing, manufacturing,
selling and servicing megawatt-class wind turbines. Ming Yang produces advanced, highly adaptable
wind turbines with high energy output and provides customers with
comprehensive post-sales services. Ming
Yang cooperates with aerodyne Energiesysteme, one of the
world's leading wind turbine design firms based in Germany, to co-develop wind turbines. In terms
of newly installed capacity, Ming
Yang was a top 10 wind turbine manufacturer worldwide and
the largest non-state owned wind turbine manufacturer in
China in 2012.
For further information, please visit the Company's website:
ir.mywind.com.cn
For investor and media inquiries, please contact:
China Ming Yang Wind Power Group Limited
Beatrice Li
+86-760-2813-8898
ir.mywind.com.cn
SOURCE China Ming Yang Wind Power Group Limited