Mitsubishi Heavy to license wind turbine technology to Yinxing Energy

(ADPnews) - Sep 15, 2010 - Japanese Mitsubishi Heavy Industries (TYO:7011), or MHI, said today it had agreed to license its manufacturing technology for 2.5-MW wind turbines to Chinese wind power equipment maker Ningxia Yinxing Energy Co (SHE:000862).

Mitsubishi Heavy said it aims to increase its wind turbine production under licence in China, while Yinxing Energy, a unit of utility Ningxia Electric Power Group Co, has been seeking to get manufacturing technology for large wind turbines, which are expected to be prevailing in the fast-growing Chinese turbine market.

The deal follows a licensing agreement between the two companies for 1-MW turbine technology, signed in 2007.

Choose your newsletter by Renewables Now. Join for free!