The China National Offshore Oil Corporation (CNOOC) has said it launched a wind project late 2020 off the coast of east China's Jiangsu province, without giving details. The company can rely on its experience and resources in offshore engineering and operations, CEO Yuan Guangyu said. Wood Mackenzie said this may put CNOOC on track to becoming a more integrated energy player, although such a transition will take time. Recently, 24 offshore wind developments with a combined capacity of 6.76 GW received approval from Jiangsu province. They attracted CNY122.3bn ($18bn) in investment and should be completed by earlier this month.
The China National Offshore Oil Corporation (CNOOC) has said it launched a wind project earlier this month off the coast of east China's Jiangsu province, without giving details. The company can rely on its experience and resources in offshore engineering and operations, CEO Yuan Guangyu said. Wood Mackenzie said this may put CNOOC on track to becoming a more integrated energy player, although such a transition will take time. Recently, 24 offshore wind developments with a combined capacity of 6.76 GW received approval from Jiangsu province. They attracted CNY122.3bn ($18bn) in investment and should be completed by late 2020.