Tianjin Century Concord Huaxing Wind Power Equipment Co., Ltd and Zhejiang Windey Co., Ltd. Enter into the Purchase Contract
November 13, 2019 at 04:50 am EST
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On 14 August 2019, Tianjin Century Concord Huaxing Wind Power Equipment Co., Ltd. as Purchaser and Zhejiang Windey Co., Ltd. as the Supplier entered into the Purchase Contract I regarding the purchase of 3 sets of wind power electricity generation equipment at a total consideration of RMB 26,220,000, by the Purchaser from the Supplier for the wind farm project I of the Group in Heilongjiang Province, the PRC. The Board announced that since additional sets of wind power electricity generation equipment are required for the wind farm project I, on 13 November 2019, the Purchaser and the Supplier entered into the Supplemental Agreement to the Purchase Contract I to purchase additional 17 sets of wind power electricity generation equipment at a consideration of RMB 155,380,000 and thus increase the total consideration payable by the Purchaser to RMB 181,600,000. The Board announced that on 13 November 2019, the Purchaser and the Supplier entered into (i) the Purchase Contract II regarding the purchase of 60 sets of wind power electricity generation equipment at a total consideration of RMB 569,400,000, by the Purchaser from the Supplier for the wind farm project I of the Group in Heilongjiang Province, the PRC; and (ii) the Purchase Contract III regarding the purchase of 20 sets of wind power electricity generation equipment at a total consideration of RMB 189,800,000, by the Purchaser from the Supplier for the wind farm project II of the Group in Heilongjiang Province, the PRC.
Windey Energy Technology Group Co Ltd, formerly Zhejiang Windey Co Ltd, is a China-based company mainly engaged in the research and development, production and sales of wind turbines. The Company is also engaged in the investment and operation of new energy power stations. At the same time, the Company cultivates smart service businesses and expands energy storage, new energy engineering project contracting (EPC) services, grid-connected products and services, new energy digital products, and comprehensive energy. services and other diversified businesses. The Company's products mainly include onshore and offshore wind turbines, new energy power station power generation, smart services, energy storage, new energy project EPC and others.