MYSE(SH:601615) Guan Cha Zhe Wang·2025-08-26 03:42Core Points - A significant order for wind turbine supply in Germany has been transferred from Chinese company Mingyang Smart Energy to Siemens Gamesa, coinciding with German Chancellor Merz's upcoming visit to China [1][2] - Luxcara, the Hamburg-based company, cited operational reasons for the change, claiming that the new turbine model aligns with their existing projects, although safety concerns were also hinted at [1][2] - The shift comes amid ongoing EU investigations into Chinese wind turbine suppliers, raising concerns about protectionism and transparency in the EU [2][4] Company Summary - Mingyang Smart Energy was initially selected as the preferred supplier for the Waterkant offshore wind project, which was expected to provide clean energy for approximately 400,000 households and contribute to Germany's renewable energy goals [6] - Following the order change, Mingyang expressed a rational and long-term perspective, indicating a continued interest in exploring other collaboration opportunities in Germany [5][6] - The German Ministry of Economic Affairs has maintained a non-interference stance regarding private company decisions, while the Federal Maritime and Hydrographic Agency will review the turbine planning proposals [5] Industry Summary - The decision to switch suppliers reflects broader geopolitical tensions and concerns about reliance on Chinese companies for critical infrastructure in Europe [2][4] - Siemens Gamesa has faced quality issues with its onshore wind turbines, raising questions about its ability to deliver the Waterkant project on time [4] - The initial selection of Mingyang was seen as a breakthrough for Chinese wind turbine manufacturers in Europe, highlighting the competitive landscape in the renewable energy sector [6]