The Ming Yang subsidiary and CGNPC will collectively develop renewable power projects, including the Golden Bay offshore wind power project in Guangdong province of China.
Under the agreement, the two firms will promote developments of onshore and offshore wind power projects in the Fujian province.
In addition, the two companies will promote overseas market opportunities, establish a renewable energy fund and improve utilization of wind and solar power through research and development.
Ming Yang chairman and CEO Chuanwei Zhang both firms will focus on development of offshore wind power projects in Guangdong and Fujian provinces.
"We believe the collaboration will help combine CGNPC’s extensive experience and strong record in clean energy development with Ming Yang’s strengths, consolidate Ming Yang and CGNPC’s international business and capture international market opportunities," Zhang added.
China Ming Yang Wind Power Group is a manufacturer of wind turbines and CGNPC is a supplier of clean energy.
