Dongfang Electric (600875.SH) Plans to Partner with Wanneng Energy to Jointly Advance 1GW Wind Power Innovation Project in Mulei

Stock News11-19

Dongfang Electric Corporation Limited (600875.SH) announced plans to introduce an external strategic partner to jointly establish a joint venture for the development of its 1GW wind power innovation pilot project in Mulei. The move aims to address policy changes, enhance market competitiveness, mitigate investment risks, and improve the specialized and market-oriented operation of wind farms.

Under the agreement, Dongfang Wind Power will contribute its 100% equity in Mulei Dongji as capital investment. The joint venture will be formed in collaboration with Wanneng Energy, with Dongfang Wind Power holding a 49% stake and Wanneng Energy owning 51%. The partnership seeks to leverage complementary resources and shared risk management for the project.

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