Construction of China-France offshore wind farm starts in Jiangsu

Time:2020-10-22 12:02:04      Source:Xinhuanet.com

The construction of China's first offshore wind power project with foreign investment began this week in the sea off Dongtai City, eastern China's Jiangsu Province.

The project, with a total investment of 8 billion yuan (about 1.13 billion U.S. dollars), is being jointly developed by the China Energy Investment Corporation (China Energy) and French energy giant EDF Group.

With a total installed capacity of 500 megawatts, the project is expected to generate 1.4 billion kilowatt-hours of electricity each year while avoiding the burning of some 441,900 tonnes of standard coal, thus cutting the emission of 937,500 tonnes of carbon dioxide and 1,700 tonnes of sulfur dioxide.

"Taking the Dongtai offshore wind power project as a starting point, we will deepen cooperation with EDF Group in fields including wind power, photovoltaic power, hydrogen energy and energy storage," said Liu Guoyue, general manager of China Energy.

EDF Group invested more than 160 million U.S. dollars for a 37.5-percent stake in the Dongtai project. It is the company's largest investment in China's non-nuclear power market.

Jiangsu on China's eastern coast has been vigorously developing clean energy including wind and photovoltaic power. As of the third quarter of this year, the province's wind and photovoltaic power units have generating capacities of 11.495 million kilowatts and 16.46 million kilowatts, up 17.2 percent and 13.9 percent year-on-year, respectively.

Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-18
Shuozhou 5200 435 0 FOR 06-18
Ordos 5500 415 0 ex-mine 06-18
Yulin 6200 535 0 ex-mine 06-18
Liulin Low-sulphur 560 0 ex-mine 06-18
Gujiao Low-sulphur 1095 0 FOR 06-18
Xingtai Low-sulphur 1210 0 ex-Factory 06-18
Yangquan PCI 770 0 FOR 06-18
Index RMB/t WoW WoW% Date
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