(Yicai Global) May 11 -- Dajin Heavy Industry’s shares jumped after China’s biggest private maker of foundations for offshore wind power farms said it had received an order from a European client two days after announcing a similar order.

Dajin [SHE: 002487] closed 4.4 percent up at CNY35.61 (USD5.14) today, after earlier gaining as much as 6.7 percent. The stock has climbed 23 percent so far this week.

Dajin unit Penglai Dajin Offshore Heavy Industry will supply EUR196 million (USD217 million) of monopile foundations to a European energy development firm for an offshore wind power project, the Beijing-based firm said in a statement late yesterday, without revealing any further details.

A Germany-based consortium of three project companies placed a EUR547 million monopile foundation order, the largest such order Dajin has ever received, it said on May 8. Dajin’s stock soared by its 10 percent exchange-imposed daily trading limit that day.

Being involved in the construction of offshore wind power infrastructure in Europe will help the company accumulate experience, boost its technological innovation, and further enhance the brand awareness and market competitiveness of its offshore wind power products, Dajin noted in yesterday’s announcement.

Between October and November last year, Dajin secured three supply contracts with European clients worth a total of EUR195.8 million, including one for the Dogger Bank Wind Farm, the world’s largest offshore wind power project located off the east coast of Yorkshire in the United Kingdom.

In November, Dajin also said it would join hands with Empire Engineering, a UK designer of wind turbine frames, to expand their respective businesses in China and Europe.

Editor: Futura Costaglione