Wind turbine manufacturer China Ming Yang Wind Power (NYSE:MY) announced today that it signed an engineering deal with China Wind Power (TSX-V:CNW). China Wind Power is a wind farm developer that holds exclusive rights for wind energy development in Du Mon County, Heilongjiang Province, which has a demonstrated potential installed capacity of 1.1 gigawatts of wind energy.
The new deal requires Ming Yang to deliver and install 132 1.5 megawatt turbines, as well as provide engineering and construction management.
The 198 megawatt project will be completed next year and is expected to generate about $38.2 million a year when fully operational.
Earlier this week, Ming Yang announced results for Q2, 2011. Highlights included. . .
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Total revenue came in at $217.4 million, representing a 7.2% increase over Q2, 2010.
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Gross profit came in at $41.3 million, representing a 7.3% increase over Q2, 2010.
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Total comprehensive income for the period was $11.5 million, representing a 52% decrease compared to Q2, 2010.
You can read more about China Ming Yang here.
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