Chinese turbine maker strikes Pakistan wind power pact
Mingyang will supply one hybrid wind, solar and energy storage facility and another wind farm under terms of deal
Mingyang has struck a deal to supply two wind power projects in Pakistan during a visit of the country’s president to China.
Pakistan’s President Asif Ali Zardari witnessed the signing of a strategic cooperation agreement between Mingyang and the energy department of the southern province of Sindh, the OEM announced today.
Mingyang will develop and construct a 350MW wind, solar and storage integrated project and a 75MW wind power project in the province – which borders India and is home to the city of Karachi – under the terms of the agreement.
It is unclear what turbines will be used for the projects and whether they will be placed onshore or offshore. Mingyang was approached for comment.
Mingyang has history in Pakistan, with 33 of its turbines generating clean energy in Sindh since 2017.
The latest deal was struck as Ali Zardari visited Beijing this week for talks with China’s President Xi Jinping.
Chinese wind turbine makers are currently hunting for global expansion opportunities amid fierce competition in their domestic market that has driven prices and profit margins down to rock bottom.
Recent research from BloombergNEF found the levelised cost of energy from a Chinese onshore wind farm is $30/MWh, half the global average.