Recently, Mingyang Group Chairman Zhang Chuanwei, Xuan Cau Group (XCE Energy is its subsidiary) Chairman Su Yong, and PowerChina International Asia Pacific General Manager Zhou Jiayi met at Mingyang's global headquarters, reaching a strategic cooperation consensus and finalising a major layout for cross-border zero-carbon energy cooperation between China and Vietnam. The three parties will leverage cross-border synergies to invest in and develop an energy project cluster with a total scale of 6 GW, covering three major sectors: offshore wind power, green hydrogen and green ammonia, and zero-carbon industrial parks, setting a new benchmark for green transition cooperation between China and Vietnam.
Building on Mingyang's mature experience with GW-scale wind power projects in Guangxi, this project cluster will develop offshore wind power in Vietnam's advantageous sea areas. Leveraging Vietnam's open policy for private electricity retail, the project will innovatively adopt a "direct power supply" model and connect with Singapore's "2 GW green electricity channel," expanding the scope of cross-border energy cooperation across multiple dimensions.
Regarding industry chain extension, the three parties will focus on wind power-generated green electricity to build a complete industry chain of "green electricity - green hydrogen - green ammonia/green methanol," supported by an energy storage system (ESS) to ensure operational stability through an integrated "wind and solar power + ESS + hydrogen" model. Concurrently, a zero-carbon industrial park will be established in Vietnam, focusing on core areas such as wind power and ESS, introducing heterojunction PV technology to achieve "self-generation and self-consumption, with surplus electricity fed into the grid," and promoting localised production of core equipment like blades and transformers, forming a complete manufacturing loop.
To solidify the cooperation foundation, XCE Energy General Manager Ruan Deming led a team, jointly with PowerChina Central Southern China Electric Power Design Institute and Harbour & Shipping Engineering Company, on a field trip to Hainan. They conducted on-site surveys of key facilities such as the Mingyang Lingao test wind farm and the 200 Nm³/h ion membrane hydrogen production integrated station, and witnessed the off-line and shipment ceremony of the 14 MW offshore wind turbine, gaining a direct understanding of Mingyang's technical strength and industrialisation capabilities in wind power and hydrogen production.
During the field trip, leaders from the three parties implemented the spirit of the previous meeting, held in-depth discussions on cooperation details, and formally signed a strategic cooperation agreement. This laid a solid foundation for the subsequent advancement of the China-Vietnam cross-border zero-carbon energy project and will strongly promote the green and low-carbon transition of regional energy.
![[SMM Analysis] Ternary Precursor Market Enters Traditional Off-Season in February](https://imgqn.smm.cn/usercenter/UpZsx20251217171731.jpeg)
![[SMM Weekly Review] Costs Diverged and Demand Weakened, Second-Life Application Grade B Prices Remained Stable This Week, 2026.02.2-2026.02.5](https://imgqn.smm.cn/usercenter/ZLcBf20251217171731.jpg)
![[SMM Analysis] NCM Manufacturers Still Hold a "Buy on the Rise, Not on the Decline" Mentality](https://imgqn.smm.cn/usercenter/WYeHX20251217171733.jpg)
