Saturday, March 29, 2008

CNOOC to build the world's largest offshore wind power project

China National Offshore Oil Corporation (CNOOC)<883> will build the world's largest offshore wind power projects with the capacity of 1.1 million kilowatts in Weihai, East China's Shandong province.

The total investment of its project reaches RMB 21 billion. The project will start from in October of this year and is expected to be completed in 10 years.

Earlier this month, CNOOC has already built Asia's first 140 meter High-tech wind tower in Weihai. Fu Yucheng, president of CNOOC said that the group intended to develop into an energy company rather than an oil firm. The development of offshore wind power project can be a good start for its renewable energy.

After finishing this project, it could generate 2.5 billion of electricity and save 1.2 million tons of standard coal annually. Meanwhile, the emission of carbon dioxide and sulfur dioxide will be reduced by 1.88 million tons and 22,000 tons respectively.

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