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The Harbin wind turbine equipment manufacturing base project in Pingfang District, Harbin, China, has started construction. The project, built by Zhejiang Windey and Concord New Energy Group, involves a fixed asset investment of over 3.5 billion yuan and will produce wind turbines of 5 MW and above.
Concord New Energy's wholly-owned subsidiary Haotai New Energy Equipment Co., Ltd. entered into a procurement contract with Shanghai Electric Wind Power Equipment Co., Ltd. to purchase one set of wind power equipment for a total consideration of CNY 323 million, for use in a wind farm project in Shanxi province, China.