CNOOC looks to sharpen focus on offshore RE ventures

CNOOC’s current Jiangsu project is the first offshore wind project it has worked on since then.

BEIJING: Offshore oil and gas major China National Offshore Oil Corp (CNOOC) has pledged to spend 3% to 5% of its annual budget on the offshore wind power sector after its first offshore wind power project was connected to the grid and began generating power recently.

This is the first batch of wind turbines by CNOOC that has been connected to the grid. Located off the coast of Jiangsu province, the project, with a total installed capacity of 300 megawatts, is scheduled to fully come into on-grid production by the end of this year.