EDF Enters Chinese Offshore Wind Market
French energy company EDF has signed an agreement with the Chinese utility China Energy Investment Corporation (CEI) to jointly deliver two offshore wind power projects in China.
The Dongtai IV and V offshore wind farms account for a total installed capacity of 500 MW and will be the EDF Group’s first offshore projects in China.
The cooperation agreement signed with China Energy Investment, a leading industrial player on China’s electricity market, concerns EDF’s acquisition of a stake in the Dongtai IV and V offshore wind projects, located off the coast of Jiangsu Province north of Shanghai.
The Dongtain IV projet is currently being built; the construction of Dongtai V is scheduled to begin in 2019. Subject to the signing of the final contracts, both partners will build and operate a total installed capacity of 500 MW, which will be gradually commissioned by 2021.
With 3.8 GW of offshore wind capacity already in operation, China is a promising market which should continue to grow quickly and account for nearly one half of the global fleet by 2030 with 50 GW in operation.
Via its subsidiary EDF Renouvelables, the EDF Group is a well-established player on the world’s offshore wind market with more than 500 people working exclusively in this sector, with solid skills in all key areas comprising the development, delivery and operation of a project.
The Group is now operating or developing 5.3 GW of offshore wind power, whilst operating and maintaining 500 MW of this capacity. In total, the Group currently operates more than 13 GW of gross wind and solar capacity in France and around the world, including more than 310 MW in China.