China Ming Yang Wind Power (MY) Signs MOU For More China Wind Development

Posted by | # |
10:02:36 am on December 3, 2010

China Ming Yang Wind Power (MY) has announced they have signed a memorandum of understanding to cooperate on a series of proposed wind energy projects with the provincial government of Hebei, a province in Northern China.  The initial agreement provides designated land from the local government for Ming Yang to develop and there are likely financial incentives for opening up supply chains for wind power equipment and wind/solar hybrid storage solutions.

==> Click Here For Your FREE Daily China Ming Yang Analysis

Mr. Chuanwei Zhang, Chairman and CEO of Ming Yang, commented, “We believe this cooperation with the Hebei government will enhance our ability to grow our business and further expand our market share in China.”

Shares of MY are up a couple percent this morning and the stock appears poised for a breakout soon.

Tags: ,
 
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.

Comments  

an MOU is nothing more than a handshake

 
Leave a comment

(required)

(required)


*