North Carolina State University’s Centennial Campus will be the home for a research and development office of a China-based wind power firm.
State, university and company officials from China Ming Yang Wind Power Group Ltd. announced the decision Tuesday. Ming Yang was formed in 2006 and last fall received approval for as much as $5 billion in financing from China’s Development Bank Corp. Its stock is traded on the NYSE under the symbol MY.
The focus of the North American office of Ming Yang will be offshore wind turbine energy production.
Waters off the North Carolina coast are considered as a potential source for so-called green power, based on several studies.
Dr. Shu Ching Quek, president of Ming Yang’s U.S. subsidiary, will head the N.C. State operation.
Gov. Beverly Perdue noted that the Ming Yang operation would be the “first industrial large-scale wind turbine R&D facility in the state.”
“We chose NCSU Centennial Campus as the location of our new R&D center to leverage the multi-disciplinary talent pool and provide a conducive environment for more innovations in this field,” Shu said in a statement.
“Our focus is to reduce cost of energy for offshore [wind turbine generators]. This can be achieved through advanced manufacturing methods and increase of efficiency from turbine to farm level system optimization,” he said.
The company recently developed a new wind turbine generator.
Shu, a former executive at General Electric and a professor at Tufts University, has led research resulting in 22 patents in wind turbine blades and clean energy.
“We are very excited to set up a new R&D center on NCSU Centennial Campus in Raleigh to focus on the cutting-edge technology research for our new wind turbines,” said Chuanwei Zhang, the chairman and chief executive officer of Ming Yang. “The R&D center is Ming Yang’s first step into the United States. North Carolina is a proven natural ground for the research and development for offshore wind turbine technology since the state has the best offshore wind resources on the east coast.
“The modular technology that is being developed will likely be applied to the rest of Ming Yang’s product line, and will help lower the cost of energy and increase the reliability of our wind turbines which in turn is expected to make our wind turbines internationally competitive,” Chuanwei added. “We hope that this will strengthen our ability to provide innovative and customizable wind power solutions to our customers in the United States and around the world.”
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