China Ming Yang Wind Power Group Ltd. (NYSE: MY) shares spiked 11.16 percent to close at $2.39 a share Monday. The stock traded between $2.03 and $2.66 on volume of 5.66 million shares traded. The company announced that it "has secured a total of 87MW in the first tranche of tender for off-shore wind power near Zhuhai Guishan Island". Shares of Ming Yang have gained approximately 100.0 percent year-to-date.
Get more information on Ming Yang and free access to the in-depth equity report at: www.FiveStarEquities.com/MY
die Chinesen beginnen mit billigeren Windmühlen Probleme zu bringen für Vestas
Kicky
: Ming Yang in Indien mit 1,5MWx2,5GW m.Reliance
Last year, China's Ming Yang signed a $3 billion, 2.5GW deal with Indian independent power company Reliance Power to develop projects across ten Indian states. Central to the arrangement, the Reliance deal saw Ming Yang take a majority stake in manufacturer Global Wind Power (GWP).
In 2012, Ming Yang chairman Chuanwei Zhang said India presented strong growth potential. The deal was funded by the China Development Bank, he added.
Previously, GWP licensed designs from companies such as Fuhrländer and Norwind. Now, Ming Yang will export the components for its 1.5MW turbine to India, where it will be assembled by GWP. Last month, the first 1.5MW turbine was submitted to India's Centre for Wind Energy Technology for approval. A 150MW project in Maharashtra is to follow this year. The 2MW Ming Yang turbine will also be submitted at a later stage.
There are no immediate plans to bring in Ming Yang's distintive Aerodyn-designed two-bladed SCD turbine. GWP chief executive Hiren Shah said the aim was to install a further 300MW in 2014. The company is planning to reach the manufacturing plant's 600MW capacity in three years, he added. Perhaps more importantly, the deal allows Shah to ditch what he called the flawed strategy of buying designs off the shelf from Europe.
"We don't have a research and development department, so we go to pure play design companies in Europe and get the design, sign a loyalty and licensing agreement, and then you start manufacturing the turbine," Shah said.
China focuses on a massive expansion with non‐fossil energy that is renewable energy and nuclear energy. The aim is to increase the share from 8.3 pct. of China’s energy consumption in 2010 to 15 pct. in 2020. China is now the world’s largest market for wind turbines. During the last two years China has installed 37,000 MW wind turbines – that is more than 40 pct. of all new wind turbines worldwide. But the integration of the fluctuating wind power causes challenges. There is a great interest in China to conduct research in renewable energy and the Chinese objective is to almost double the investments in research and development from 1.3 pct. of GDP in 2005 to 2.5 pct. in 2020.
Kicky
: chinesische Sinovel hat Verlust verdoppelt
Sinovel Wind Group Co. (601558), China’s third-biggest maker of wind turbines, forecast a full-year net loss after orders slowed and customer payments were held back. “Clients delayed payables, increasing bad-debt provisions and finance expenses,” Beijing-based Sinovel said today in a filing to the Shanghai stock exchange. Wind developers also installed fewer turbines, it said. China has slowed construction of wind farms to ease power-grid congestion, raising competition among equipment producers to secure orders. Sinovel is also under investigation by the securities regulator over a 2011 accounting error, which it said in August hampered its ability to collect payments and expand. The company reported a net loss of 699 million yuan ($115 million) in the first nine months of the year, widening from a 269 million-yuan loss a year earlier, according to the statement. Sales tumbled 45 percent to 2.01 billion yuan...... http://www.bloomberg.com/news/2013-10-24/...-turbine-orders-slow.html
Diese Zahlungsprobleme könnten sich vermutlich auch auf MY und Goldwind ausdehnen
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