China Huaneng Group has formed a partnership with Chinese province Jiangsu to further the development of offshore wind power . As part of the agreement, the two parties will invest RMB160bn ($21bn) in the Huaneng Jiangsu offshore wind hub. 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 .
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 .