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China Guangdong Nuclear invests $731m in offshore wind

10 May 2013

China Guangdong Nuclear (CGN) is investing RMB4.5bn ($731m) into building an offshore wind farm on Dalian Island, Pingtan, which is expected to be finished next year.

According to China Daily, Tang Jiansheng, vice-general manger of CGN said, ‘Pingtan boasts rich, clean energy resources and has great potential for wind energy and tidal energy.

‘The development conditions are good too. CGN hopes to play a role in the exploration of clean energy here and make a significant contribution.’

CGN and Pingtan’s administrative committee signed a framework agreement late last year to enhance cooperation in wind and tidal power and seawater desalinisation.

Tang said, ‘The plan for the offshore wind farm project on Dalian Island, after being approved (by the Pingtan government and CGN management), will be handed to the National Development and Reform Commission for review.

‘CGNPC will also conduct a series of feasibility research reports on the project. If everything goes well, the construction will kick off next year.’

Gong Qinggai, director of Pingtan’s administrative committee, thanked CGN for supporting the county’s development. He said Pingtan has considerable scope for collaboration with CGN and hopes CGN will continue to boost investment in the area.

The state-owned CGN boasts total assets of RMB270bn.

Last year NewNet reported that a subsidiary of Chinese renewables manufacturer Ming Yang Wind Power Group signed a strategic cooperation agreement with CGN to develop both solar and offshore wind projects.

The two companies will look to develop the Golden Bay offshore wind power project in Jieyang in Guangdong province with the hope that this will become a template for similar developments across the country.

In addition, they will work on both offshore and onshore projects in the Fujian province and promote overseas opportunities.

Copyright © 2013 NewNet

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