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Chinese Wind Turbine Makers Target Europe Amid Security Concerns

Financial Times Companies •
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The European chief executive of Ming Yang, Horatio Evers, says the company is committed to long-term expansion in Europe despite political obstacles. Evers, former head of BASF’s energy division, was hired in September to lead Ming Yang’s continental push. He has poached executives from rivals like Vestas, Siemens Gamesa, and Vattenfall, relocated R&D to Europe, and pursued local manufacturing.

Ming Yang, the world’s third-largest wind turbine maker with a market cap of Rmb23.9bn ($3.6bn), aims to diversify beyond China. Last month, Sany Renewable Energy installed its first European turbine—a 6.25 MW model in Spain for Grupo Jorge. However, Chinese suppliers provided only 446MW to Europe last year, under 3% of new capacity.

The UK blocked Ming Yang’s offshore plans over national security concerns, halting a £1.5bn Scottish factory. Europe is probing subsidies and drafting rules to limit Chinese turbines in publicly funded projects. Ming Yang has partnered with Octopus Energy, led by Greg Jackson, to explore onshore UK turbines with data kept under British control.

The company insists the Chinese government cannot access turbine data in Europe.