CPIH and Equinor Sign Cooperation Agreement on Offshore Wind

CPIH and Equinor Sign Cooperation Agreement on Offshore Wind

CPIH and Equinor have signed an MoU to cooperate on offshore wind in China and Europe, also opening for potentially expanding the collaboration.

CPIH Equinor Offshore Wind

CPIH (China Power International Holding) and Equinor have signed a Memorandum of Understanding (MoU) to cooperate on offshore wind in China and Europe. The MoU also opens for potentially expanding the collaboration between the two companies. 

“China is rapidly increasing its use of renewables and natural gas. The country is set to become the world’s biggest offshore wind market by 2030. As an offshore wind major, Equinor is excited to collaborate with CPIH to develop offshore wind” says executive vice president New Energy Solutions, Pål Eitrheim.

Jun Tian, president of CPIH said that CPIH, as a leading power generator in China, has been striving to develop its international strategy to become a pioneer of reliable energy provider worldwide. And the signing of this MoU between CPIH and Equinor is a big step forward for both companies to move into new markets in renewables and develop a long-term strategic partnership.

“We strongly believe the collaboration between CPIH and Equinor in China and Europe will bring vast experience, knowledge and expertise to the industry. We look forward to deepening this partnership and develop a sustainable energy business together with our partner in both domestic and overseas markets.”

Recently, in auctions conducted by UK authorities, Equinor and its partner SSE were awarded contracts to develop three large scale offshore wind projects in the Dogger Bank region of the North Sea. The portfolio for the three plants will be the world’s biggest offshore wind farm portfolio development with a total installed capacity of 3.6 GW.

Dogger Bank, together with the recent award for Empire Wind in the US, positions Equinor as an offshore wind major. “These projects provide economies of scale and synergies, making us an even stronger competitive force in offshore wind globally,” said Eitrheim at the time.

CPIH Equinor Offshore Wind

“2019 is shaping up to be the strongest year for Equinor when it comes to offshore wind. The MoU between CPIH and Equinor comes in the wake of two major tender victories in the US (816MW) and UK (1,800MW). Equinor also secured subsidies for its 88 MW Hywind Tampen project located in Norway this year, which will be the largest floating offshore wind project in the world once it is grid-connected in 2022,” Søren Lassen, Wood Mackenzie senior research analyst, commented on the MoU.

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Ayush Verma

Ayush is a staff writer at saurenergy.com and writes on renewable energy with a special focus on solar and wind. Prior to this, as an engineering graduate trying to find his niche in the energy journalism segment, he worked as a correspondent for iamrenew.com.