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China Energy and EDF forge first foreign offshore wind alliance

By: Tom Russell 17/03/2020 4C Offshore

General Windfarms

China Energy Investment Corporation (China Energy), a state-owned mining and energy company, has signed an agreement with French electric utility company EDF Group to jointly develop offshore wind power projects in eastern China's Jiangsu Province.

China Energy stated that the agreement represents a total investment of 7.9 billion yuan (€1 billion or £930 million), and is the first of its kind in offshore wind power with both domestic and foreign investment. It covers two projects with a combined installed capacity of 502 MW.

The projects concerned are the Dongtai Four (H2) 302MW and Zhugensha H1 - Dongtai V 200 MW project. The Dongtai Four (H2) 302MW was grid connected in December 2019 and is full operational. Dongtai V 200 MW is currently preparing for construction and is scheduled to be commissioned in early 2021. It will be jointly funded, built and operated by China Energy and EDF Group. China Energy said it will hold a 62.5-percent stake in the joint venture, with EDF Group owning the remaining share.

The projects are located off the coast of the city of Dongtai in Jiangsu Province and are expected to generate 1.39 billion kilowatt-hours of electricity each year, meeting the annual electricity demands of nearly 2 million residents.

For more information on offshore wind farms worldwide, click here.

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China Energy and EDF forge first foreign offshore wind alliance

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