Ezion Holdings and Sinotrans & CSC Holdings have established a new company, Sinomarine & Teras Offshore Co., Ltd, dedicated to the offshore wind industry in China.
The opening ceremony was held in Tianjin, China, on 28 June and was attended by guests from the Chinese government, officials from the Tianjin Dongjiang Free Trade Port Area, Chinese Port Authorities, IE Singapore, power generation companies, banks, as well as senior representatives from both Ezion Holdings Limited and Sinotrans & CSC Holdings.
Wang Kai Yuen, Chairman of Ezion Holdings Limited, said: “This successful establishment enables us to participate, share and apply our experience and expertise to the offshore wind farm energy market in China for which I am proud to be a part of.”
Ezion said the establishment of the new company is a key development for the Group following the announcement in December 2015 that Ezion had entered into a strategic cooperation agreement with a Chinese state-owned enterprise, China Huadian Corporation, to support offshore wind power installation projects in China.
The newly created Sinomarine & Teras Offshore Co., Ltd has signed a strategic cooperation agreement on 28 June with China Huadian Corporation to support offshore wind power installation projects in China and expects to operate two Service Rigs for an offshore wind farm installation project by the end of 2016, according to Ezion.