Market Chatter: Ming Yang Smart Energy Eyes Other Europe Sites After UK Blocks Plan for Wind Turbine Facility

MT Newswires Live05-15

Ming Yang Smart Energy (SHA:601615) is looking to build a new factory in other sites in Europe, including Spain, to host its wind turbine manufacturing facility after the U.K. disallowed the company from setting up in Scotland, Reuters reported Thursday, citing Ming Yang Europe CEO Horatio Evers.

The U.K. said in March it would not support the use of Ming Yang's turbines in offshore wind projects in the country, citing security concerns, according to the report.

Ming Yang is in talks with Madrid regarding the site and is considering other locations, the report said.

"We would invest in a factory in a country, if we have the guarantee that our turbines are eligible for the market," Reuters quoted Evers as saying.

Chinese renewable technology is a contentious issue in Europe. The E.U. initiated a review of Chinese manufacturers in 2024 over competition concerns, Reuters said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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