DEME Inks Chinese Offshore Wind Deal with COSCO Shipping

Belgian DEME Group and Chinese COSCO Shipping have officially embarked on a joint journey to develop offshore wind energy in China, under an umbrella agreement signed on 31 October, following the two companies’ joint venture announcement in May. 

With the Chinese government aiming to significantly increase the installed capacity of offshore wind energy by 2020 and beyond, COSCO Shipping plans to enter the new market by partnering with DEME’s subsidiary GeoSea, which has a vast experience in developing, building and maintaining offshore wind farms.

Yesterday’s agreement was signed in Beijing, in the presence of Belgian Prime Minister Charles Michel and the Chinese Premier Li Keqiang, signifying the importance of the cooperation and Chinese vision concerning the transition to renewable energy, DEME said.

“The joint venture with COSCO Shipping is a win-win for both parties and will contribute to realising the ambitious Chinese climate objectives but creates also perspectives on further development and services in COSCO Shipping’s areas of expertise such as heavy lift transport, shipbuilding, etc,” said Luc Bertrand, Chairman of DEME.

Xu Lirong, Chairman of COSCO Shipping, said: “The cooperation with DEME is in line with our strategy, and I believe it is going to help fortify our cooperation with customers, extend our business chain and, moreover, push forward the sustainable and healthy development of renewable energy industry in China.”

Related news

List of related news articles

Posted: about 1 year ago

Virginia Affirms Offshore Wind Ambitions

Virginia’s Governor Ralph Northam has released the 2018 Virginia Energy Plan which calls for t...

Categories:
  • Authorities
Posted: about 1 year ago
Posted: about 1 year ago

Germany Readies New Offshore Wind Call

Germany’s ruling coalition has agreed to issue a special call to tender for additional renewab...

Categories:
  • Authorities
Posted: about 1 year ago
Posted: about 1 year ago

REBO Welcomes Offshore Wind Teams

Norther N.V. and Siemens Gamesa Renewable Energy have moved into a new building at the REBO terminal...

Categories:
  • Business & Finance
Posted: about 1 year ago
Posted: about 1 year ago

French Region Seeks More Offshore Wind

The regional council of Pays de la Loire in France is opening consultations for new offshore wind ar...

Categories:
  • Authorities
Posted: about 1 year ago