# Jinlei to build $940M offshore wind component plant in Dongying

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.

- Type: New facility
- Announced: 2021-12-07
- Where: Dongying Economic and Technological Development Zone, Shandong, China
- Value: $940.0M (6.00B CNY)
- Status: announced
- Capacity: 400,000 tonnes per year (total); 150,000 tonnes per year (Phase I)
- Products: offshore wind core components
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Jinlei Co.](https://endata.com/companies/59497.md)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/617381.html), 2021-12-07: "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。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.