Chinese wind-turbine manufacturer expanding overseas. In 2025 Octopus, Britain's largest power utility, struck a deal with Mingyang to develop 6GW of wind power. The following month the company said it would spend up to £1.5bn ($2bn) building a factory in Scotland. Chao Zhang of Mingyang says Britain is "a natural hub for localisation" owing to "the abundance of offshore opportunities and consistent policies."
The firm has encountered political resistance. Luxcara, a German asset manager, was pressured into nixing a deal with Mingyang to supply a wind development off Germany's northern coast, awarding the contract instead to Siemens Gamesa. Britain's opposition Conservative Party claimed allowing Mingyang to set up shop would pose an "unacceptable risk" to national security, citing concerns that Chinese offshore-wind equipment could be used to spy on European naval operations or that China could shut down wind farms to destabilise the grid via remote software updates or embedded chips.
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