Shanghai Taisheng Gets $25 Million Offshore Wind Contract
Shanghai Taisheng Wind Power Equipment Co. (300129), a Chinese wind-tower maker, agreed to supply foundations for the first phase of a 198-megawatt offshore wind project in Guangdong province.
Taisheng will supply 27 of its four-legged jacket foundations worth 157 million yuan ($25 million) for China Southern Power Grid Co.’s Zhuhai Guishan Offshore Wind Farm, the Shanghai-based company said July 1 in a Shenzhen Stock Exchange filing.
Delivery is expected by year-end, when the first 100 megawatts of the project near the city of Zhuhai in southern China are expected to be complete. The rest of the 24.45 billion-yuan wind farm is expected to be operational in the second half of next year, according to a May statement by Guangdong Mingyang Wind Power Industry Group Co., which is supplying the turbines.
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