Big Oil Joins Big Wind in China

CNOOC has signed a strategic cooperation agreement with China Three Gorges (CTG) to build on synergies in the renewable energy sector. The Chinese operator is looking to leverage its offshore expertise to increase its activities in the development of offshore wind, at the same time helping it to reduce its carbon footprint. A key area could be the further development of floating wind projects. More than 5% of its annual budget has been allocated to clean energy projects. CTG has just completed China’s first floating wind turbine as part of its 400MW Yangjiang Shapa III project, currently under construction 15-30km offshore Guangdong province. The 5.5MW turbine is installed on a semi-submer

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