Chinese company China Huaneng Group and Jiangsu province have signed a strategic cooperation agreement to accelerate the development of offshore wind projects off the coast of Jiangsu. As part of the agreement, the two parties will invest RMB160bn ($21bn) in the Huaneng Jiangsu offshore wind hub. The hub will aims to integrate R&D, manufacturing, construction and operation and maintenance for the sector, the partners said. China Huaneng Group said it will also strengthen scientific research cooperation with Jiangsu universities and research organisations.
China Huaneng Group has formed a partnership with Chinese province Jiangsu to further the development of offshore wind power . The company will invest CNY160bn ( $ 23bn ) into the Huaneng Jiangsu offshore wind hub , which will seek to support research and development , construction , operation and maintenance for the project . China Huaneng Group will also increase its collaboration with universities and public bodies in the province .