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MHI to Provide 2.5 MW Wind Turbine Technology to Chinese Company
-- Licensing Expansion Targets China’s Rapidly Growing Market --
-- Licensing Expansion Targets China’s Rapidly Growing Market --
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Tokyo, September 15, 2010 - Mitsubishi Heavy Industries, Ltd. (MHI) and Ningxia Yinxing Energy Co., Ltd. (Yinxing Energy) of China signed an agreement on September 14 under which MHI will license its manufacturing technology of MWT100/2.5 wind turbine, which has a rated power output of 2.5 MW (megawatt), to the Chinese firm. In 2007 MHI licensed its 1 MW wind turbine manufacturing technology to the company, which was then known as Wuzhong Instrument Co., Ltd. Yinxing Energy has been seeking to obtain manufacturing technology of large-size wind turbines, which are expected to become the mainstream in the Chinese market, where demand for wind turbines is expanding sharply. MHI meanwhile has been aiming to boost wind turbine production under license in China. The agreement between MHI and Yinxing Energy thus meshes the needs of both companies.
Ningxia Yinxing Energy is a subsidiary of Ningxia Electric Power Group Co., Ltd. (NEPG), a midsized electricity provider established in June 2003. Besides thermal power plants, which are the company’s primary power generation source, NEPG, which is based in the Ningxia Hui Autonomous Region, also operates power generation facilities that employ renewable energies such as wind power and photovoltaic energy. Today NEPG is vigorously building wind farms and is the main customer for Yinxing Energy’s MWT62/1.0 machines. Yinxing Energy looks to supply the MWT100/2.5, the advanced 2.5 MW model, not only to NEPG’s wind farms but also to an expanding market throughout China.
Wind turbine installations are sharply increasing in China to accommodate strong electricity demand and, at the same time, address environmental issues. In 2009 the country newly installed wind turbines equivalent to 14,000 MW, making China the world leader in new installations and placing it third worldwide in cumulative installations: 26,000 MW at the end of 2009. As the Chinese government is encouraging introduction of wind power and targets more than 100,000 MW wind power generation capacity by 2020, the nation is regarded to be one of the leading wind power markets in the world.
In response, going forward MHI will continue to conduct aggressive marketing activities of its wind turbines, including licensing, in China’s buoyant market.
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.