World Environment News
Lorem Ipsum is simply dummy text of the printing and typesetting industry.

China's CNOOC Eyes Offshore Wind Farm

Date: 18-Oct-07
Country: CHINA

The project would be 60 km (37 miles) out to sea, in the Bohai Bay, where the company has a large portion of its oil production, CNOOC president Fu Chengyu said.

CNOOC aimed to be an energy company rather than just an oil company, Xinhua quoted Fu saying on the sidelines of a key Communist Party Congress in Beijing, where cleaner growth has been stressed by leaders as a top priority.

"The national development mode decides the development of our company," Fu said, adding the company was interested in new energy, efficiency and renewable technologies.

CNOOC Group is the parent of listed CNOOC Ltd. The company could not immediately be reached for comment on the project.

Offshore wind generation is more expensive than onshore wind farms, but can often capture higher wind speeds.

Share to Facebook Share to Twitter Stumble It Email This More...

Reuters
© Thomson Reuters 2007 All rights reserved