A number of sites in Scotland have been shortlisted, with Ardersier Port near Inverness the current preferred location, enabling the redeployment of those previously employed in the oil and gas sector.
Ming Yang leads the world in the development and operation of offshore wind technology, representing 31.3% newly added capacity globally in 2024, including the 16.6 MW ‘Ocean X’ dual-rotor floating wind turbine platform, which paves the way to reduce offshore wind development cost by up to 30%, and in turn lowering household energy bills.
By bringing this technology to the North Sea, the opportunity is created to accelerate the commercialization of floating wind technology, to onshore strategic elements of the renewables supply chain, and to make the UK the center of the European wind sector.
The combined three-phase strategy would create an offshore wind hub to serve the UK, European and other non-Asian markets as follows:
Ming Yang has held extensive discussions with the UK and Scottish Governments over the last two years on its plans as well as holding detailed commercial discussions with Great British Energy, the National Wealth Fund, the Scottish National Investment Bank, the Crown Estate and UK Export Finance. The investment plans are still subject to final approvals from the UK Government and are an integral part of a wider pan-European strategy, in which other locations are being explored.
This announcement follows a strategic partnership announced last month with Octopus Energy to deliver affordable, clean wind energy and bring down bills for British households and to explore the implementation of Octopus Energy software to create the highest levels of data protection and cyber security in combination with Ming Yang’s cutting-edge offshore and onshore wind turbines.
