Qinhuangdao Economic and Technological Development Zone Annual Output of 2MW Offshore Wind Machine Project

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Ⅰ. Introduction

We plan to build a wind power innovation industrial park with the production of key components such as main bearings, main control systems, hydraulic systems, transformers, converters, offshore equipment, offshore engineering, maintenance services, R&D centers and worker training, etc., we work to build a port-based innovation and entrepreneurship base with completed investment mechanism, advanced technology and sufficient logistics support, this is what we do to form an internationally competitive wind power industry cluster. After the completion of the project, it is expected to reach an annual production capacity of 100 sets of 2MW XE-11 offshore wind turbines.

Ⅱ.Estimated Investment and Sources of Funding

The total investment is $500 million in wholly foreign capital.

Ⅲ.Market Analysis

In 2020, domestic megawatt-class wind turbines led the market. The market share of megawatt-class wind turbines accounted for 86%, of which 67% were above 1.5 MW. At present, the overall development of wind power continues to show an upward trend. Offshore wind power , compared with land-based wind power generation, is rich in resources and less affected by environmental factors, it has a larger capacity and higher efficiency with high economic benefits, and has good development prospects.

Ⅳ.Construction Conditions

The project is planned to be built in Qinhuangdao Economic and Technological Development Zone which is one of the first batch of national economic and technological development zones approved by the State Council in 1984 and the first ISO14000 national demonstration zone in Hebei Province. It enjoys obvious location advantages and convenient transportation. Infrastructure construction such as water supply, power supply, heat supply, gas supply, and communication has been completed. After years of development, with a solid industrial foundation, it has attracted a group of Fortune 500 companies such as General Electric, United Technologies, ADM, Singapore Fengyi and many well-known domestic companies such as CITIC, COFCO, CSSC, China National Petroleum Corporation and Harbin Electric to invest here. It also has introduced a number of leading projects such as CITIC Dicastal, Jinhai Foods, Harbin Electric Heavy Equipment, Tianwei Qinbian, etc. The industrial clustering effect becomes prominent as the accelerated development and strong growth momentum. Many characteristic industries have been formed, including grain, oil, food processing, and auto parts, major equipment manufacturing, big data, energy conservation and environmental protection, new energy, and biological engineering and so forth. It boasts the world’s largest automotive aluminum parts base, China’s second largest automotive glass production base, important upscale equipment manufacturing bases, and the largest grain, oil and food processing base in north China.

V. Profits Analysis

The forecast of economic benefit: the annual sales revenue is $465 million with 5% of return on investment and $23.236 million of annual profit.

VI. Preliminary Work

Preliminary work is underway.

VII. Ways of Cooperation

Jointed-ventured or solely-invested


Yang Zhenjun



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