Ming Yang to Build $2 Billion U.K. Wind Plant Amid Europe’s Supply Squeeze
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Ming Yang placed fourth globally in turbine installations in 2024, with 12.2 GW of new capacity
Ming Yang Smart Energy Group Ltd., one of China’s top wind turbine makers, plans to invest 1.5 billion pounds ($2 billion) in its first major manufacturing base in the United Kingdom, a move aimed at tapping into Europe’s stretched renewable energy supply chains.
The Shanghai-listed firm announced last week that it will build a comprehensive wind turbine factory in Scotland, producing components for both offshore and floating wind turbines. The investment totals nearly 14.2 billion yuan.
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- Ming Yang Smart Energy plans a £1.5 billion ($2 billion) wind turbine factory in Scotland, its first major UK investment, aiming to address European supply chain bottlenecks.
- The facility, to open by end-2028, will produce offshore and floating wind turbine components and serve Europe and non-Asian markets.
- Ming Yang was the world’s fourth-largest turbine maker in 2024 with 12.2 GW installed; its 2025 H1 revenue rose 45%, but net profit fell 7.7%.
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Who’s Who
- Ming Yang Smart Energy Group Ltd.
- Ming Yang Smart Energy Group Ltd., a leading Chinese wind turbine manufacturer, plans to invest £1.5 billion ($2 billion) in its first major UK manufacturing base in Scotland. This initiative, valued at approximately 14.2 billion yuan, aims to address Europe's renewable energy supply chain bottlenecks by producing components for offshore and floating wind turbines. The company, ranked as the world's fourth-largest turbine maker in 2024, is expanding globally, focusing on research and innovation to gain an edge in the European market.
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What Happened When
- 2024：
- The UK government published its Clean Power 2030 Action Plan, aiming for over 95% of electricity to come from clean sources by 2030.
- In the first half of 2025：
- Ming Yang's revenue rose 45% year-on-year to 17.1 billion yuan.
- September 2025：
- Ming Yang entered a strategic partnership with U.K.-based Octopus Energy to deploy onshore turbines in local projects.
- October 2025：
- Ming Yang Smart Energy announced plans to build a wind turbine factory in Scotland and invest 1.5 billion pounds in its first major UK manufacturing base.
- October 20, 2025：
- Wang Haoyu, CEO of Ming Yang’s U.K. arm, discussed Europe's offshore wind supply chain bottlenecks at a wind energy conference in Beijing.
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