UK Spotlight: Strong Industry Interest in Ming Yang at Global Offshore Wind, Manchester

Ming Yang's UK team are attending Global Offshore Wind (GOW) in Manchester this week, the UK's premier offshore wind event. We have had extensive discussions with industry stakeholders, including conversations about Ming Yang's plans and future activities in the market.

Our message is clear: the market fundamentals have not changed. We see a market which requires more turbine supply and our strategy is fully aligned with the strategy of Europe and the UK - we are here to stay and to build long lasting, durable relationships. For the industry, it is very clear that to meet the ambitious European and UK clean power targets, the supply chain needs to expand. Stakeholders at GOW highlighted the importance of additional technology options and supply chain capacity in supporting these targets.

Any capacity Ming Yang brings will be additive, allowing the market to expand faster and grow larger more quickly than it might have done otherwise as well as enabling new models and approaches to be developed.

Interest in our industry leading 18.5MW offshore wind turbine remains strong, as does support for Ming Yang's efforts to localise production. UK supply chain companies are both highly supportive and committed to making this a reality and building a successful growing market.

Our commitment to handling UK operational data and control of turbines entirely in the UK through our partnership with Octopus Energy - ensuring that Ming Yang turbines cannot be controlled from outside the UK - has been well received by all stakeholders as robust and effective.

We have also briefed our durable approach to ongoing O&M with planned training programmes in the UK, apprenticeships, and long-term storage of major components locally to manage global supply chain challenges, coupled with development of capability to locally manufacture spare components if needed.

If there has been one note of gloom the conference, it has been around floating wind. The Energy Secretary gave a speech clearly highlighting how important cost is for the coming CfD allocation round. The costs of floating wind without Ming Yang remain stubbornly high. It is well recognised that the solutions we bring would be a critical enabler in driving this industry forward, which is so critical - particularly for Scotland and the Celtic sea.