Asia’s largest developer of wind farms, China Longyuan Power, plans to increase its offshore generating capacity from existing 182MW to 1,000MW by 2015, the company secretary Jia Nansong is cited by Power Engineering news portal as saying.
Though this move is technically challenging and requires considerable amounts of financing, the company plans to use half of the proceeds of the new share issue to fund construction of onshore wind farms, 20 % to finance offshore wind farms, 15 % for overseas wind and solar power projects, 5 % for mainland solar projects, and the rest to boost working capital, according to Power Engineering news portal.
The company has just commercially put into operation its 150MW Intertidal Offshore Demonstration Wind Farm, which can feed about 375 million kWh power to the grid per year, with more than 2,500 hours of available wind power time.
Chinese wind industry is trying to move from northern regions to coastal provinces, to build offshore wind farms close to consumption centres, as the northern part of the country faces power transmission blockages due to very fastwind energy projects’ development.
[mappress]
Offshore WIND Staff, November 26, 2012