Chinese giant goes offshore
State Power Investment partners with Mingyang to boost the industry
China’s State Power Investment Company (SPIC) has signed a strategic cooperation agreement with Mingyang Electric to boost the development of offshore wind power.
The state-owned utility and the turbine manufacturer will promote the development of offshore wind in Guangdong and scale-up the industry, SPIC said.
The partners will collaborate in areas such as offshore wind development, industry cluster building, technology and international marketing for turbines.
SPIC has established the industry as one of its key business development areas domestically, it said.
The company is one of China’s five biggest electricity generators, with 117GW of conventional and renewable energy capacity.