Mingyang Smart Energy - Experts & Thought Leaders

Mingyang Smart Energy has signed a localization cooperation agreement with Unison Ltd., a South Korean wind turbine manufacturer and wind power company in Zhongshan, Guangdong. The agreement involves an investment of 400 billion Korean won, approximately 2 billion RMB, from Mingyang Smart Energy to promote its business in Korea and globally. Zhang Qiying, President and Chief Technology Officer of Mingyang Smart Energy, and Park Won-seo, CEO of Unison, signed the agreement while Zhang Chuanwei, Mingyang Smart Energy's Chairman and CEO, witnessed the signing ceremony. comprehensive collaboration During the signing ceremony, Zhang Chuanwei said, "Unison is a well-established local enterprise and a top player in the Korean wind power market. On the other hand, Mingyang is a top Chinese wind power company with exceptional technical expertise. This agreement marks the start of a new phase of comprehensive collaboration between the two companies." Zhang Chuanwei adds, "I envision a mutually beneficial and win-win partnership where we can deepen our exchanges, leverage each other's strengths, explore innovative cooperation models, and achieve breakthroughs in both the Korean and global markets. Together, we can create a new landscape for international expansion." hub for offshore wind power Park Won-Seo, CEO of Unison, commented, "Through this agreement, Unison is expected to become a major player in the Korean offshore wind power market, leveraging Mingyang's excellent supply chain, offshore equipment, and installation capabilities." Park Won-Seo adds, "In addition, Mingyang and Unison have reached an agreement on localization and will strengthen technical cooperation with Korean wind turbine component companies. Based on this cooperation, they will develop into a production hub for offshore wind power spanning the entire East Asia region." 400 billion Korean won investment The agreement serves as the specific implementation plan for the cooperation memorandum The agreement serves as the specific implementation plan for the cooperation memorandum signed by both parties in 2022. The agreement will see Mingyang Smart Energy investing 400 billion Korean won to carry out various forms of localization cooperation with Unison, which includes the establishment of a wind turbine nacelle assembly plant, a blade manufacturing plant, and the development and investment of onshore and offshore wind farms. This series of cooperation is expected to create approximately 1,000 local jobs. reducing greenhouse gas emissions The South Korean government has been actively promoting renewable energy, particularly offshore wind power, to reduce greenhouse gas emissions. As part of its efforts to achieve its goal of reducing emissions to 40% of 2018 levels by 2030, South Korea has set a target to add 12GW of offshore wind power installations. Within this context, this cooperation with local enterprise Unison will enable Mingyang Smart Energy to enter the South Korean wind power market in compliance with localization requirements. By doing so, the company can accelerate the promotion and implementation of advanced technology and products in South Korea, creating new opportunities for both parties' international growth.

MingYang Smart Energy and the UK Department for International Trade (DIT) announced that they have entered into a Memorandum of Understanding (MoU) to cooperate to realize an investment by MingYang into the UK’s offshore wind sector. Qiying Zhang, President and CTO of MingYang, and John Edwards, Her Majesty’s Trade Commissioner to China of DIT, jointly signed the MoU online. final investment agreement The agreement will focus on MingYang investing in a blade manufacturing factory, a service center, and conceivably a turbine assembly factory in the UK. Following this MoU, both parties will work together to complete a final investment agreement for the above-mentioned factories once all pre-conditions are fulfilled. Furthermore, MingYang and DIT will collaborate to explore other market entry options in the UK, including wind turbine testing, offshore wind demonstration projects, and pre-commercial wind farms. floating wind solutions MingYang engages with local partners to develop floating wind solutions in Europe's deep-sea regions MingYang continues to grow its market footprints in the European offshore wind sector, most recently with a 30MW offshore installation in Taranto, Italy, the first for the Mediterranean Sea and any Chinese wind turbine OEM. Meanwhile, MingYang engages with local partners to develop floating wind solutions in Europe's deep-sea regions. In support of these market efforts, MingYang has established a business and engineering center in Hamburg, Germany. renewable energy goals With this MoU, MingYang places the UK at the core of its global offshore wind strategy. It showcases MingYang’s ambition to support the UK in fulfilling its renewable energy goals and to serve the growing offshore wind market competitively with regional partners. MingYang will also be interested in the opportunity to use engineering, manufactured components, and other services from the UK in developing its local supply chain. domestic offshore wind experience Zhang Chuanwei, Chairman of MingYang Smart Energy, said, “Both the UK and China have seen unprecedented development in the offshore wind sector over the past five years, and will foresee more market opportunities in terms of business model and technology innovations." "The agreement we are signing today marks a significant milestone in the two nations' deep cooperation in the industry, and also a solid step forward for MingYang to leverage its domestic offshore wind experience on these opportunities to create win-win results in the UK.” first wind turbine assembly factory John Edwards, Her Majesty’s Trade Commissioner to China of DIT, said, “MingYang’s intention to make the UK their European base could be a game-changer, both for MingYang and for the UK’s energy industry." "If successful, this investment will create the UK’s first wind turbine assembly factory. That means that more of the offshore wind energy we use in the UK would be made in the UK, creating more green jobs in one of our most exciting industries. We look forward to welcoming MingYang into the UK’s offshore wind industry.” net zero carbon emissions The UK has been a global pioneer in offshore wind, with large installed capacity and mature, competitive market mechanisms for further growth. As part of the Ten Point Plan for a Green Industrial Revolution, the UK government has set an ambitious target of producing 40GW of offshore wind, including 1GW of innovative floating offshore wind by 2030. By committing to the targets and investments, the UK is well positioned to serve the broader efforts to develop offshore wind, to accelerate progress towards net zero carbon emissions by 2050. MingYang Smart Energy is dedicated to becoming a global leader in providing digitalized and affordable clean energy solutions that benefit all people, as well as driving energy transitions and carbon neutrality globally in partnerships with its customers, suppliers, and other stakeholders.

Offshore wind is undergoing transformational improvement as a key solution to the energy transition. The continuous iteration and evolution of wind turbine technology have enabled developers to venture into deeper waters and to tap further wind resources. MingYang Smart Energy is always motivated to drive this trend through innovation and has reached a new milestone with the introduction of the new MySE 16.0-242, the world’s largest Hybrid Drive wind turbine. Designed for high-wind IEC IB including typhoon-class IEC TC, the powerful MySE 16.0-242 features an exceptional nameplate capacity of 16 MW, a 242-meter diameter rotor, 118-meter-long blades, and a staggering 46000 m2 swept area equivalent of more than six soccer fields. goal of carbon neutrality MySE 16.0-242 is set to move the boundaries of wind energy production even further With the industry’s largest rotor and highest nominal rating, MySE 16.0-242 is set to move the boundaries of wind energy production even further. A single MySE 16.0-242 turbine can generate 80000 MWh of electricity every year, enough to power more than 20000 households. In comparison, it produces 45% more energy than MingYang’s previous turbine model, the MySE 11.0-203. The environmental benefit is also considerable: compared to coal-fired power generation, one MySE 16.0-242 can eliminate more than 1.6 million tons of CO2 emissions over the course of its designed 25-year lifespan, making it a strong contributor to achieving the goal of carbon neutrality. Weight of the MySE 16.0-242 Extending the legacy super-compact design and Hybrid-Drive concept, MySE 16.0-242 builds on MingYang’s deep understanding and expertise gained over multiple smaller, light-weight offshore models, ranging from 5.5 MW, 6.45 MW, 7.25 MW, 8.3 MW to 11 MW series. The nacelle weight of the MySE 16.0-242 is competitively low at less than 37 tons per MW. Compared to a heavier nacelle, its modest head mass allows for more efficient use of the tower and foundation construction, resulting in fewer purchased materials and logistics. MingYang’s Hybrid-Drive transmission MySE 16.0-242 provides many other distinctive benefits by adopting novel offshore-dedicated features Proven MingYang’s Hybrid-Drive transmission technologies, particularly the medium-speed planetary gearbox with load sharing and forced high precision main bearing lubrication, have been fully optimized and inherited to ensure the robustness and efficiency of this new turbine, as well as deliver excellent economic performance on both bottom-fixed and floating system applications. In addition, MySE 16.0-242 provides many other distinctive advantages by adopting novel offshore-dedicated features and “best practice” technologies. portfolio of model variants In summary, the MySE 16.0-242 is the start of MingYang’s new 15MW+ offshore product platform To begin, as a new feature over previous models, all power electronics and MV-transformers have been relocated up the tower into the nacelle, simplifying cabling and enhancing system maintenance convenience. Secondly, an air-tight design protects the nacelle from harsh salt spray corrosion while yet allowing for internal natural air cooling, resulting in an ideal operational environment for reliable operation within the nacelle. In summary, the MySE 16.0-242 is the start of MingYang’s new 15MW+ offshore product platform. In the future, it is planned to grow into a portfolio of model variants that can adapt to various offshore settings, ranging from the typhoon-prone South China Sea to the constantly windy North Sea in Europe. Demand for anti-typhoon wind turbines “The launch of our new largest wind turbine, MySE 16.0-242, is an apt illustration of the three essential drivers to technology evolution – demand, combination, and iteration,” says Qiying Zhang, President and CTO of Ming Yang Smart Energy, who continues: “In response to demand for anti-typhoon wind turbines in coastal Guangdong, MingYang systematically develops high-quality products by collaborating with global supply chain partners and integrating cutting-edge technologies from industries such as aerospace, materials, and big data.” “Over the years, we have gained over 10 GW cumulative track record and iteration experience with Hybrid-Drive technology. These enable us to have a rapid learning curve in product R&D and position us well to become an offshore wind pioneer,” he says. Overseas manufacturing facilities MingYang is committed to growing its global presence and serving customers in all mainstream offshore wind markets including Europe, the Americas, and Asia-Pacific. As part of the key global strategies, MingYang established the business and engineering center in Hamburg, Germany, and is also exploring developing overseas manufacturing facilities. With the launch of MySE 16.0-242, MingYang, a company at the forefront of innovation, has set a new benchmark of offshore wind technology and scale, and taken another step forward in the mission to benefit the world by reducing the levelized cost of energy. MySE 16.0-242, which was recently certified by DNV and China General Certification Center (CGC) for design, is scheduled for full prototype rollout in 2022, to be followed by prototype installation in the first half of 2023 and commercial production in the first half of 2024.