ZHONGSHAN, China, January 26, 2015 /PRNewswire/ -- China Ming Yang Wind Power (NYSE: MY) ("Ming Yang" or the "Company"), today announced that according to Bloomberg New Energy Finance (BNEF), China's wind installations reached 20.7GW in 2014 - four times more than the U.S.and40% of all new capacity worldwide, with 38% growth from 2013.
According to BNEF, most of the newly installed capacity in China in 2014 came from Chinese domestic wind turbine suppliers, while foreign manufacturers took less than 2% of the market. MingYang is one of the top five Chinese wind turbine manufacturers, which in aggregate have taken 60% of China's total installed capacity, according to BNEF.
"Based on our current delivering schedule of our order backlog, we feel confident to maintain the market share in 2015", said Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang, "Leveraging our unique advantages of offshore engineering solutions, we expect Ming Yang to acquire larger market share in the off-shore regime in 2015."
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "to be," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "goal," "strategy" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Ming Yang's control, which may cause Ming Yang's actual results, performance or achievements to differ materially from those in the forward-looking statements. Actual results or events may differ from those anticipated or predicted in this press release, and the differences may be material. Further information regarding these and other risks, uncertainties or factors is included in Ming Yang's filings with the U.S. Securities and Exchange Commission. Ming Yang does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
About China Ming Yang Wind Power Group Limited
China Ming Yang Wind Power Group Limited (NYSE: MY) is a leading wind turbine manufacturer in China, focusing on designing, manufacturing, selling and servicing megawatt-class wind turbines. Ming Yang produces advanced, highly adaptable wind turbines with high energy output and provides customers with comprehensive post-sales services. Ming Yang cooperates with aerodyne Energiesysteme, one of the world's leading wind turbine design firms based in Germany, to co-develop wind turbines. In terms of newly installed capacity, Ming Yang was a top 10 wind turbine manufacturer worldwide and the largest non-state owned wind turbine manufacturer in China in 2013.
For further information, please visit the Company's website: http://ir.mywind.com.cn
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For investor and media inquiries, please contact:
Investor and Media Contacts:
China Ming Yang Wind Power Group Limited
Johnson Zhang
+86-760-2813-8898
ir@mywind.com.cn
http://ir.mywind.com.cn
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/bloomberg-new-energy-finance-my-is-a-leading-wind-turbine-supplier-in-china-in-2014-300025368.html
