Deadly Attack Targets Chinese Engineers in Pakistan
Amid a surge in violence targeting Chinese interests, a devastating suicide bombing struck a convoy of Chinese engineers in northwestern Pakistan, claiming the lives of six individuals
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
China Ming Yang Wind Power Group Ltd., a Guangdong-based wind turbine manufacturer, has agreed to supply machines on 125 MW of projects in Bulgaria.
Ming Yang Wind Power (International) Co. Ltd., a unit of the company, signed contracts to provide turbines and build the two parks for W. Power Ltd., a Bulgarian wind energy developer, China Ming Yang said today in a statement.
"This represents a significant milestone of Ming Yang's overseas market development, marking an important step in extending our footprint in mainstream European markets," Chief Executive Officer Zhang Chuanwei said in the statement, as cited by Bloomberg.
Chinese companies including Xinjiang Goldwind Science Technology & Co., China's second-largest wind-turbine maker, are studying expansion abroad to overcome a slowing home market after a tighter government approval process for new projects intensified competition.
New installed turbines in China about doubled each year from 2005 to 2010 when 18.9 GW of new machines were added. That pace stalled last year as China added 18 GW, according to the Global Wind Energy Council.
China Ming Yang will also help finance the project, according to Jonathan Mann, chief executive officer of Sofia-based W. Power, which also is talking to local banks about loans.
China Ming Yang Wind agreed the engineering, procurement and construction contracts with W. Power and another company called A1 Development in December, according to the statement. The first three turbines were shipped on Feb. 6 to the 4.5 MW pilot project in Somovit, which will be commissioned in July.
The 120 MW Milkovitsa project in Pleven in the north of Bulgaria is planned to start later this year. The entire 125 MW project will use China Ming Yang Wind turbines, Mann said.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
Amidst Ukraine's urgent need for additional power sources following the closure of the Russian-controlled Zaporizhzhia nuclear power plant
Bulgarian lawmakers have taken a significant step toward bolstering the nation's energy infrastructure by advancing cooperation with the United States for the construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant
The Bulgarian Parliament has ratified the Agreement between the Government of the Republic of Bulgaria and the Government of the United States on cooperation regarding the construction of nuclear power at the Kozloduy Nuclear Power Plant
During a forum in Alexandroupolis, US Assistant Secretary of State for Energy, Jeffrey Payatt, highlighted the significance of a gas pipeline project through Bulgaria as the next pivotal step for energy development in the region
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022