YEONG GUAN GROUP SIGNS MOU WITH SWANCOR, AND MACQUARIE CAPITAL
March 22, 2018
The Taiwanese government has announced to promote offshore wind power capacity to 5,500 MW by 2025. To further develop the significant opportunities in Taiwan and the Asia Pacific and in support of the renewable energy policy in Taiwan, Yeong Guan Group, Swancor, and Macquarie Capital sign MoU this month. This collaboration is aimed at intensifying cooperation of the offshore wind supply chain in Taiwan, while for Yeong Guan Group, it will strengthen our industry position in offshore wind energy.
According to this MoU, Yeong Guan Group is going to provide a business development plan showing our aspiration to build-up and increase the Taiwanese local content industry development and competence in connection with the offshore wind power industry. Swancor and Macquarie intend to contract directly or indirectly Yeong Guan Group subject to being awarded permits by the relevant Taiwanese Authorities after reaching consensus regarding all related issues.
Hsien-Ming Chang, Chairman & CEO stated, “Yeong Guan Group has over a decade of experience in manufacturing wind power casting parts. Our manufacturing quality reaches world-class standard, ahead of our peers. We see long-term, continuous growth in the offshore wind energy industry. We are very pleased to have the opportunities to participate in the local supply chain and continue to be recognized and supported by domestic and foreign wind turbine manufacturers and wind farm operators regarding our product quality. Yeong Guan Group is confident about growing with Taiwan's offshore wind power supply chain in the future.”
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