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Jinlei Co. signed an agreement with Dongying Economic and Technological Development Zone to invest 60 billion yuan (approx. $9.4 billion) in a three-phase project to produce 400,000 tonnes per year of offshore wind core components, with Phase I costing 2.5 billion yuan for 150,000 tonnes capacity and an 18-month construction period.
“本次投资事项系公司紧抓风电行业发展机遇,配套风电行业关键零部件产能,将进一步优化业务布局,满足未来业务发展和市场拓展的需要。”beta.zhitongcaijing.com
Summarized from public sources; check the original articles before acting on it.