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Mingyang’s OceanX Sets Record: World’s Most Powerful Floating Wind Turbine Successfully Sets Sail

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Mingyang

GUANGZHOU, CHINA – Media OutReach Newswire – 19 August 2024 – On August 13, OceanX, the world’s largest single capacity floating wind power platform, embarked on its journey from Guangzhou to the Yangjiang Mingyang Qingzhou IV offshore wind farm in Guangdong, China. After a 191-nautical-mile, over 50-hour tow, the platform’s arrival marks the commencement of a new era in green energy, poised to set the standard for offshore wind power technology.

Developed by Mingyang Group, this floating wind turbine platform is arranged in a ‘V’ shape and carries two 8.3 MW offshore wind turbines. With a total capacity of 16.6 MW, it can be used in a wide range of sea areas around the world with water depth of more than 35 metres.

OceanX impeller reaches 219 metres at its highest point and a maximum width of about 369 metres in the air. The whole wind turbine platform has a total displacement of 15,000 tonnes, and a towing draft of 5.5 meters. Once operational, it is expected to produce 54 million kWh annually, enough to power 30,000 three-person households for a year.

  • High-Tech Ingenuity: OceanX Floats on Cutting-Edge Materials

OceanX advances wind turbine innovation by enhancing core component technology, driving both aesthetic and functional refinement in design and manufacturing.

Floating foundation is the key component for floating wind turbines in the deep and distant sea. Unlike traditional steel floating foundations, OceanX’s floating foundation consists of three floats, concrete arms and connectors.

It pioneers the use of ultra-high performance concrete with a compressive strength exceeding 115 MPa for floating foundation construction, a material 4 times stronger than standard concrete, significantly enhancing load-bearing capacity. The floating foundation also utilizes a pre-stressed high-strength concrete assembly structure, facilitating modular and batched manufacturing, thereby substantially reducing construction costs.

Mingyang has leveraged caisson pre-tensioning technology in its precast concrete construction, emphasizing interface sealing and the precision of the pre-stressing process. With 1,500 steel strands expertly threaded through the floating body’s arm, it has meticulously controlled tensioning forces and ensured uniform stress across the end face throughout the construction.

OceanX also introduces a cutting-edge float design, using layered material to replace traditional steel or hybrid materials. The float lightens the floats and accommodates their curved form. The three streamlined ellipsoidal floats offer reduced wave resistance and enable lateral rotation, providing yawing power. Rigorous testing confirms that the streamlined shape strikes an ideal balance between stability and load-bearing.

Notably, housing two wind turbines on a single floating platform can significantly cut down the per-kilowatt cost, as well as reduce the required sea area and operational maintenance expenses.

  • Revolutionary ‘V’ Tower: OceanX Pioneers Wind Turbine Architecture

OceanX, with its robust floating foundation, features the integration of two towers in a ‘V’ configuration, marking a first for offshore wind platforms.

OceanX’s tower, with its elongated elliptical design, maximizes wind exposure along its longer axis, significantly exceeding that on the shorter axis. By aligning the tower with the wind direction at an optimal angle, the wind platform’s area is effectively increased, allowing for swifter alignment to the wind and boosting the efficiency of wind energy capture. Additionally, the towers are fitted with a dual-access system for lifts and ladders, ensuring the comfort and safety of personnel during ascent and descent.

In addition to the evolution of the wind turbine form, Mingyang also expands the boundaries of the application of the cable-stayed system, installing it for the first time globally in a wind turbine.

OceanX has ingeniously harnessed the spatial framework of its tower system, integrating the world’s largest high-stress strand cable-stayed system. A robust network of 13 main and 6 auxiliary cables efficiently tensions the mainframe, tower, and floating foundation, establishing a stable tensioning mechanism across the wind turbine’s components. This innovative cable-stayed design has redefined the load transfer path of traditional wind turbines. Instead of the tower bearing the full impeller and gravity loads, the system distributes the tower’s gravity load to the tension cables, with the tower now only partially supporting the impeller loads. This strategic redistribution significantly lightens the tower’s load, enabling a streamlined and lightweight structural design.

To seamlessly integrate the 200-meter-long, 18-centimeter-diameter cables between the wind turbine, tower, and floats, OceanX employs a precise combination of graded pre-tensioning, multi-dimensional monitoring, and synchronized tensioning. This ensures that all 13 main cables achieve their individual pre-tensioning specifications and can be pre-tensioned to a maximum force of 350 tonnes, optimizing the structural integrity and performance of the wind turbine system.

  • Dual-Rotor Pioneer: OceanX’s Unparalleled Wind Harvesting Design

On the V-shaped tower, two main engines are equipped with parallel impellers, covering a sweeping area exceeding 52,000 square meters—comparable to the size of seven standard football fields. With the impeller blades’ tips a mere 5 meters apart, this pioneering design optimizes impeller pitch and wind efficiency while leveraging the V-shape of the tower. It ensures impeller safety and enhances both wind capture and structural stability.

Upon startup, the impellers rotate in opposite directions, enhancing wind speed in the central area and boosting electricity generation from air kinetic energy by 4.29% compared to a single, large turbine with an equivalent swept area.

In the context of the entire wind farm, longer blades on a single turbine can significantly affect the turbine downstream. OceanX employs two small-sized wind turbines, leveraging the coupled vortex effect from counter-rotation to mitigate efficiency losses across the farm.

  • Downwind Mastery: OceanX’s Single-Point Mooring Showcases Cutting-Edge Innovation

OceanX utilizes a downwind design, alleviating tower headroom constraints for the blades, allowing greater movement, and enhancing the unit’s power generation efficiency through flexible and efficient wind energy capture.

In the face of extreme typhoon conditions, floating wind turbines must be designed to withstand 360° typhoon loads from the outset to ensure stability and safety. OceanX employs a single-point mooring system, which allows the platform to adaptively yaw with the typhoon’s direction. This ensures that the wind turbine consistently faces the incoming wind, regardless of the typhoon’s path.

In the mooring system, to withstand forces equivalent to a level 17 typhoon, the turret’s high-precision slewing bearings must offer exceptional load-bearing capacity and superior underwater sealing. To guarantee OceanX’s stable maritime operation, Mingyang has meticulously assembled the turret system, adhering to stringent standards and precision demands.

Data reveals that the single-point mooring solution reduces the ultimate load on the support structure by 40%, significantly improving the wind turbine’s safety and stability in typhoon conditions. This technology’s implementation boosts the standardization and efficiency of onshore operations for marine and engineering equipment.

OceanX is also capable of managing total health of the turbine to optimising power generation efficiency and lowering the maintenance cost thus finally cut down Levelized Cost of Energy (LCOE) under different environmental conditions.

  • From MW Giants to Deep-Sea Pioneers: Mingyang’s Unceasing Quest for economical offshore wind power

In April 2020, the 1:10 scale prototype of the OceanX dual-rotor floating wind turbine platform was launched in Lake Quarry, Germany. By October, it had completed a two-month offshore operation in the Baltic Sea, enduring tests equivalent to 72m/s winds and 30-meter waves, and earned a feasibility certificate from DNV.

Mingyang has pushed the boundaries of offshore wind power technology, from typhoon-resistant wind power to large offshore megawatt units, and now to the navigation of deep-sea floating turbines. The latest advancements in deep-sea floating wind power are setting new standards for human exploration of the ocean, while decreasing the cost per kWh to make the offshore wind more affordable.

As a leader in global clean energy innovation, Mingyang is committed to driving breakthroughs in marine energy technology. It aims to lead industry innovation, expedite sustainable offshore wind development and facilitate the green transmission globally.

For more information, please visit https://www.myse.com.cn/en and https://www.linkedin.com/company/mingyangsmartenergy/

Energy

U.S.-Africa Energy & Minerals Forum Expands to Critical Minerals and Supply Chain Security

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Africa

This year’s U.S.-Africa Energy & Minerals Forum in Houston signals a strategic shift toward integrated energy and critical minerals investment, strengthening U.S. partnerships across Africa’s resource and industrial value chains

HOUSTON, United States of America, February 26, 2026/APO Group/ –The U.S.-Africa Energy & Minerals Forum (USAEMF) has relaunched with a dedicated focus on critical minerals, marking an important evolution in its role as a platform for U.S.-Africa commercial engagement. Building on its foundation in energy, power and industrial projects, the forum’s expanded scope positions it at the center of investment conversations shaping the future energy economy.

 

Scheduled for July 21–22, 2026, in Houston, Texas, USAEMF comes at a time of surging global demand for copper, cobalt, lithium, manganese and rare earth elements, driven by electrification, battery storage, AI infrastructure and advanced manufacturing. Africa is increasingly critical to securing these materials, highlighting how energy and minerals are now interconnected pillars of industrial growth, geopolitical stability and decarbonization.

The forum’s minerals mandate deepens engagement with African producers – particularly the Democratic Republic of Congo (DRC), home to some of the world’s largest copper and cobalt reserves. Momentum is building through the U.S.–DRC strategic minerals framework and the U.S.-backed Orion Critical Mineral Consortium, a major investment platform supported by the DFC and private partners. The consortium is pursuing a 40% stake in the Mutanda and Kamoto copper-cobalt operations in a $9 billion transaction, securing long-term supply for allied markets while reinforcing cooperation on infrastructure, security and supply-chain governance.

Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties

U.S. financing is also expanding across the region, with the DFC managing a continental portfolio exceeding $13 billion to support mining, processing and transport infrastructure for critical mineral supply chains. Recent commitments include rare earth, graphite and potash projects in Malawi, Mozambique and Gabon; broader investments in Uganda, Tanzania, Zambia and South Africa; and $553 million linked to the development of the Lobito Corridor. The DFC is also a major backer of TechMet, a U.S.-supported investment firm valued at over $1 billion, which is raising up to $200 million to expand copper, cobalt, lithium and rare earth assets and pursue new opportunities across the DRC and Zambia. Together, these initiatives underscore Washington’s push to diversify battery-mineral supply while positioning Africa as a long-term partner in clean energy and industrial value chains.

Houston’s role as host city reflects the alignment between American industrial capacity and African resource development. Long established as a global energy hub, the city is expanding into energy transition technologies, advanced materials, carbon management and industrial innovation. By convening African governments with U.S. private equity, development finance institutions, exporters, insurers and technical service providers, the forum creates a commercial platform capable of converting mineral potential into bankable projects.

“The evolution from USAEF to USAEMF reflects a broader shift toward integrated energy and mineral development,” states Nadine Levin, Portfolio Director at Energy Capital & Power, forum organizers. “Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties and advances projects that deliver long-term shared value.”

While critical minerals define the forum’s strategic expansion, the U.S.’ longstanding role in Africa’s energy sector remains central to the platform’s value proposition. American energy companies continue to advance exploration and development across key upstream markets, support gas monetization in the Gulf of Guinea and revitalize mature production in North Africa. U.S. export credit and development finance are also helping unlock large-scale LNG capacity in Mozambique while supporting optimization and expansion across existing gas infrastructure in West Africa – demonstrating how American capital, engineering expertise and risk-mitigation tools convert resource potential into delivered energy systems.

USAEMF is the leading platform connecting U.S. capital and technical expertise with Africa’s energy and minerals sectors. For more information or to participate at the upcoming forum, please contact sales@energycapitalpower.com

Distributed by APO Group on behalf of Energy Capital & Power.

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Pesalink and Pan-African Payment and Settlement System (PAPSS) Unlock Cross-Border Payments in Local Currencies in Kenya

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Pesalink

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders

NAIROBI, Kenya, February 26, 2026/APO Group/ —

  • Instant 24/7 bank-to-bank transfers across African borders in local currencies.
  • Simpler cross-border payments for individuals, businesses, and SMEs.
  • 80 plus Pesalink network participants now linked to 160 plus PAPSS participating banks.

 

Pesalink, Kenya’s de facto instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to ease cross-border payment and speed up regional financial integration.

 

The partnership enables instant 24/7 cross-border payments from PAPSS participants into banks and mobile money operators within the Pesalink network in Kenya, all settled in local currencies. This reduces complex correspondent banking requirements and reliance on foreign reserve currencies.

 

Kenyan banks will now be able to offer faster, cheaper cross-border payments

PAPSS, an initiative of the African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, enables cross-border payments between African countries. Pesalink is now a Technical Connectivity Provider. It means that 80 plus Kenyan bank, fintech, SACCO and telco participants on the Pesalink network will be connected to 160 plus commercial banks and fintechs on the PAPSS platform.

 

Cross-border payments remain expensive and slow for many African businesses. The 2023 (http://apo-opa.co/4baDSh7) World Bank Remittance Prices report indicates that sending money across African borders incurs on average 7-8% of the total value sent (above the global average of 6–7%). Settlement can also take three to seven business days.

 

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders.

 

Speaking during the partnership signing held at Pesalink offices in Nairobi, PAPSS CEO Mike Ogbalu III said, “For PAPSS to deliver true impact, collaboration with national and private switches like Pesalink is essential. Pesalink is the first switch we’ve piloted for transaction termination in Kenya, and we are already seeing greater adoption by opening more channels for seamless, local-currency cross-border payments across Africa.”

 

Pesalink CEO, Gituku Kirika, said “Kenyan banks will now be able to offer faster, cheaper cross-border payments. They will be helping their customers grow more regional trading relationships and thrive in a more integrated digital economy.”

Distributed by APO Group on behalf of Afreximbank.

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Africa Trade Conference Returns to Cape Town with Esteemed Speakers Driving Africa’s Trade Agenda

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Second edition convenes global policymakers, business leaders, and innovators to accelerate Africa’s integration into global trade

CAPE TOWN, South Africa, February 26, 2026/APO Group/ –Access Bank Plc (www.AccessBankPLC.com) is proud to announce the distinguished line-up of speakers for the second edition of the Africa Trade Conference (ATC 2026), scheduled to take place on March 11, 2026, at the Cape Town International Convention Centre, Cape Town, South Africa. Building on the strong foundation of its inaugural edition, ATC 2026 will convene an exceptional assembly of global and African leaders, policymakers, investors, and business executives committed to shaping the future of trade on the continent.

The Africa Trade Conference has rapidly emerged as a premier platform for advancing dialogue and action around Africa’s evolving role in global commerce. The 2026 edition will feature influential voices from across finance, government, development institutions, and the private sector, who will share insights on unlocking trade opportunities, strengthening intra-African commerce, enabling business expansion, and positioning African enterprises for global competitiveness.

The confirmed speakers represent a powerful cross-section of leaders driving Africa’s economic transformation.

Building on the momentum of its maiden edition, which convened senior decision-makers from 28 countries, the 2026 conference with the theme “Turning Vision into Velocity: Building Africa’s Trade Ecosystem for Real-World Impact”, will have the keynote address delivered by Kennedy Mbekeani, Director General, Southern Africa Region, African Development Bank (AfDB), alongside Kwabena Ayirebi, Managing Director, Banking Operations at the African Export-Import Bank. Their joint keynote will address the evolving financing landscape for African trade and the strategic pathways for unlocking continental prosperity.

The welcome address will be delivered by Roosevelt Ogbonna, CEO/GMD, Access Bank Plc, who will set the tone for discussions centered on trade transformation, financial inclusion, and regional competitiveness, while Tolu Oyekan, Managing Director & Partner at Boston Consulting Group, will deliver insights on “Africa Trade Outlook 2026”, examining emerging macroeconomic trends, supply chain shifts, and growth opportunities across key sectors.  The CEO of Pan-African Payment and Settlement System, Mike Ogbalu, will be engaging the conference participants on the topic, “Building a Connected Africa Through Trade, Payments & Technology”, focusing on how payment interoperability and digital infrastructure can accelerate the African Continental Free Trade Area (AfCFTA) agenda.

The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us

The conference will also host a High-Level Ministerial Panel that features Elizabeth Ofosu-Adjare, the Minister for Trade, Agribusiness & Industry, Ghana; Tiroeaone Ntsima, Minister of Trade and Entrepreneurship, Botswana; Mr. Florian Witt, Divisional Head, International & Corporate Banking Oddo-BHF, Ms. Nathalie Louat – Global Director, International Finance Corporation (IFC), Dr Isaiah Rathumba – Head of Department, Limpopo Economic Development, Environment and Tourism and Mr. Alfred Idialu – Chief Rep Officer, Deutsche Bank among other policymakers shaping trade policy across the continent.

Commenting on the announcement, Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank Plc, said:
“The Africa Trade Conference reflects our unwavering commitment to advancing Africa’s economic transformation by creating a platform that brings together the leaders, institutions, and ideas shaping the future of trade. The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us. Africa is not only participating in global trade, it is helping to redefine it. Through this convening, we aim to catalyse partnerships, unlock new opportunities for businesses, and accelerate Africa’s integration into global value chains.”

“At Access Bank, we see ourselves not just as financiers, but as connectors of markets, ideas, and opportunities. Our role is to help African businesses move from ambition to impact, from local relevance to global competitiveness.”

With operations in 24 countries globally, including 16 across Africa, Access Bank’s expansive footprint places it in a unique position to facilitate cross-border trade, unlock regional value chains, and simplify the complexities of doing business across markets.

“Our presence across Africa and key global corridors gives us a front-row seat to the realities of trade. It also gives us the responsibility to design solutions that are inclusive, scalable, and future facing. ATC 2026 is part of that commitment, Ogbonna added.

ATC 2026 is expected to catalyze partnerships, enable policy dialogue, and provide actionable strategies for businesses operating within and beyond the continent.

The Access Bank Chief puts it thus, “Africa will not be a spectator in the remaking of global trade. We will be one of its architects. ATC 2026 is where those blueprints will be drawn.”

For more information and registration, please visit https://apo-opa.co/4sdXWF7

Distributed by APO Group on behalf of Access Bank PLC.

 

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