Wind Power Giant MingYang Switches on a PV Company

PVTIME – Recently, Ming Yang Smart Energy Group Limited (601615.SH), a wind power giant mainly engaged in the R&D of megawatt-level large wind turbines and core components, has established a photovoltaic company with a registered capital of CNY 100 million.

The new subsidiary is wholly-owned by Ming Yang Smart Energy Group, and will focus on the manufacture, sales and leasing of photovoltaic equipment and components, the R&D of solar power and energy storage, and related technical services.

What is more, Ming Yang Smart expects a net profit of CNY 2.2-2.53 billion with a year-on-year increase of 111.25-142.94% in the first half of 2022, according to its latest performance forecast released on July 8, 2022.