MYSE plans to invest CNY 14.21 billion to build the UK's first integrated wind turbine manufacturing base with a full industrial chain in Scotland
MYSE plans to invest RMB 14.21 billion in Scotland to build the UK's first fully integrated wind turbine manufacturing base covering the entire industry chain. The project is expected to be carried out in three phases, encompassing the manufacturing of wind turbine nacelles and blades, large-scale production of floating wind power technology, and the manufacturing of key components. This move will promote the development of the renewable energy industry chain in the UK, create job opportunities, and support the UK's clean energy transition goals
According to the Zhitong Finance APP, MYSE (601615.SH) announced that the company plans to build the UK's first integrated wind turbine manufacturing base with a full industrial chain in Scotland. The total investment for this project is expected to be £1.5 billion, equivalent to approximately RMB 14.21 billion, which will be used to construct manufacturing plants for offshore and floating wind turbines. The plan is expected to be carried out in three phases: Phase 1: Construction of advanced wind turbine nacelle and blade manufacturing plants, with the first batch expected to be put into production by the end of 2028; Phase 2: Expansion of production lines to accelerate the large-scale production of floating wind power technology in the UK; Phase 3: Further expansion into the production and manufacturing of control systems, electronic devices, and other key components.
This investment will bring the company's advanced offshore wind power technology to the North Sea region, helping to accelerate the commercialization process of floating wind power technology. By establishing a complete production and service system locally, the company will promote the key links of the renewable energy industry chain to be established in the UK, enhancing its leading position in the formulation of global offshore wind power technology standards and industrial upgrading. The planned overseas factory will create more job opportunities for the local area and assist the company's localization of overseas business and talent. The company's floating wind power technology will also provide strong support for the UK to achieve its clean energy transition goals, aligning with the global carbon neutrality trend and the green energy development policy orientation of various countries
