Core Insights - Mingyang Group has established a high-end equipment manufacturing base in Dongfang, Hainan, with a total investment of 2 billion yuan, aimed at promoting the development of green energy in the Hainan Free Trade Port [3][5][9] - The base has achieved mass production of large offshore wind turbine blades, including the MySE292 blade, which is 143 meters long, setting a record for the largest rotor diameter globally [4][5] - The project is designed to have an annual production capacity of 2 million kilowatts, focusing on producing advanced offshore wind turbine generators and blades [5][6] Investment and Production Capacity - The Dongfang Mingyang Technology New Energy Co., Ltd. has completed the first phase of its main engine factory and has produced two wind turbines within a year of starting construction [5] - The facility is equipped with the largest full-power testing platform for offshore wind turbines in China, enabling large-scale manufacturing and testing [5][6] - The annual output capacity is projected to reach 6 million kilowatts, with products being utilized in various coastal regions including Guangdong, Hainan, and Zhejiang [9] Technological Advancements - The offshore wind power equipment produced features semi-direct drive technology, which enhances safety, reliability, efficiency, and reduces costs [4][5] - The blades have a sweeping area of over 66,000 square meters, equivalent to 9.4 football fields, and can generate 80 million kilowatt-hours annually, meeting the electricity needs of approximately 96,000 residents [5] Strategic Development Plans - Mingyang Group aims to create a full industrial chain in Hainan, integrating technology research, testing, manufacturing, and large-scale application in the offshore wind energy sector [6][8] - The company plans to establish a marine technology innovation center and a national testing base for large offshore wind turbines, facilitating technological innovation and product iteration [6][8] Market Expansion and Global Outreach - The company is leveraging the policy advantages of the Hainan Free Trade Port to enhance its international competitiveness and reduce production costs through zero-tariff policies [6][8] - Mingyang Group intends to export its products to Southeast Asia, positioning Hainan as a significant hub for China's wind power equipment to enter global markets [9]