Deals Counterparts

Mingyang seeks talks with London on UK turbine ban, doubles down on £1.5bn Scottish factory commitment

Investment Offshore Wind announced UK Mar 27, 2026
USD1.5B
Deal Value

Chinese offshore wind turbine manufacturer Mingyang is seeking urgent talks with the UK government to overturn a ban on its turbines, which was imposed this week. The company remains committed to its previously announced £1.5 billion investment in a turbine factory at Ardersier, Scotland. Mingyang insists this factory represents one of the most substantial commitments of its kind in the UK, aiming to accelerate cost reductions and increase competition in the offshore wind sector. The company has proposed technological and commercial solutions, including a partnership with Octopus Energy, to address data and cybersecurity concerns, stating that all project data would be stored and processed under UK jurisdiction with strict access protocols and certified cybersecurity systems. Mingyang Europe CEO Horatio Evers highlighted that developers are actively seeking their technology to accelerate industrial electrification and the transition away from fossil fuels.

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Counterparts (2)

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Source Intelligence

KEY DETAILS

Mingyang insists this factory represents one of the most substantial commitments of its kind in the UK, aiming to accelerate cost reductions and increase competition in the offshore wind sector. The company has proposed technological and commercial solutions, including a partnership with Octopus Energy, to address data and cybersecurity concerns, stating that all project data would be stored and processed under UK jurisdiction with strict access protocols and certified cybersecurity systems. Mingyang insists it is 'non-state owned or controlled'.

Deal Size
a £1.5bn turbine factory proposed at Ardersier in Scotland
Location
a turbine factory at Ardersier, Scotland
PARTIES MENTIONED IN SOURCE
M
Mingyang investor

"Chinese offshore wind turbine manufacturer Mingyang is seeking urgent talks with the UK government"

U
UK government counterparty

"Mingyang is seeking urgent talks with the UK government"

O
Octopus Energy partner

"including a partnership with Octopus Energy"

high quality Enriched Mar 28, 2026

Timeline

Announced
Mar 27, 2026
Signed
Closed

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