Energy investment
China’s Ming Yang in £1.5bn Scots turbine plan

Chinese wind turbine manufacturer Ming Yang Smart Energy has confirmed it will invest up to £1.5 billion building a wind turbine manufacturing facility in Scotland which could create up to 1,500 jobs.
The company said the move will create the UK’s “first integrated offshore wind turbine manufacturing facility and bring key parts of the renewables supply chain to the UK”.
It has identified a number of sites for the factory, with Ardersier Port in Inverness regarded as the preferred option.
Plans by the world’s largest producer of floating offshore wind turbines for a factory in Scotland date back to the signing of a Memorandum of Understanding with the Conservative government in December, 2021.
Earlier this year, the developers behind Green Volt, Europe’s first large-scale floating wind farm in the North Sea, denied they had chosen Ming Yang to supply 35 turbines for the 560MW project.

However, the company has continued to be linked to UK developments and last month signed an agreement with Octopus, the electricity supplier, to explore opportunities for it to use Ming Yang’s technology for some of its wind projects.
The arrival of Chinese renewable technology has proved controversial across Europe. Last year, the European Commission launched a review into Chinese turbine manufacturers in response to industry concerns that cheaper imports could threaten the competitiveness of European firms.
The Ministry of Defence is also concerned that Beijing could use the factory as an opportunity to spy on Britain, with Donald Trump has expressed reservations about the UK allowing China a foothold in a key industry.
Britain’s Energy Minister Ed Miliband visited China earlier this year to discuss climate and energy issues, and has said it would be negligent to not engage with China on climate issues.
The Scottish development is being planned in three phases, with the first £750m stage expected to begin production of nacelles and blades by late 2028.
Later phases will see the facility expanded to create an ‘offshore wind industry ecosystem’ around the hub, including “infrastructure to serve the deployment of floating offshore technology at scale”.
Mingyang Group chairman Zhang Chuanwei said: “As a global leader in wind technology, Mingyang is committed to accelerating the global energy transition through innovation and community-focused comprehensive energy solutions.
“We are excited by the prospect of investing in the UK and look forward to finalising our investment decision.”
UK chief Aman Wang added: “We firmly believe that by moving forward with our plans to create jobs, skills and a supply chain in the UK, we can make this country the global hub for offshore wind technology.
“We fully support the government’s mission to become a clean energy superpower, and I’m confident that once the plans are approved we can make a valued contribution to this goal.”
The company said it has held extensive discussions with the UK and Scottish governments over the last two years, as well as detailed commercial discussions with Great British Energy, the National Wealth Fund, the Scottish National Investment Bank, the Crown Estate and UK Export Finance.
The company is listed in Shanghai and trades global depositary receipts in London.










