Tian Hao, General Manager of CEC International, and Pål Eitrheim, Executive Vice President of Equinor, signed a memorandum of understanding on behalf of the two parties at the CLP International Headquarters in the North Fourth Ring. Norwegian Embassy Minister Counsellor Mattis Raustol also attended the signing ceremony. It is reported that the cooperation content not only covers offshore wind power, but also includes other “expanding cooperation projects”.

Pål Eitrheim said: “China is rapidly increasing the use of renewable energy and natural gas. For both companies, signing a memorandum of understanding is a big step towards a new renewable energy market and a long-term strategic partnership.”

Tian Wei believes: "As a leading power developer in China, CLP International has been pursuing an internationalization strategy and is committed to becoming a global provider of reliable energy. This signing is for both parties to enter the new renewable energy market and establish long-term partners. Relationship is a major step. We firmly believe that the experience, knowledge and deep understanding of the industry will definitely benefit the Central European market. We look forward to further strengthening cooperation in the future and seeking more development in their respective countries and international markets. Business opportunities for sustainable energy."

At this point, Equinor became the second international energy giant to invest in offshore wind power projects in China after the French Power Group (EDF). Both companies entered the Chinese offshore wind power market through cooperation with state-owned power companies.

In March of this year, EDF signed a cooperation agreement with the National Energy Investment Group to participate in the investment of a total of 500MW offshore wind power projects in the fourth and fifth phases of Dongtai, Jiangsu Province, and became the first foreign offshore wind power developer to enter China.

According to analyst firm Wood Mackenzie, by 2030, offshore wind power installed capacity outside Asia will increase from just over 2 million kilowatts in 2017 to 45 million kilowatts, of which China will lead with 31 GW of installed capacity.

China Power International:

As a core asset of the National Power Investment Group Corporation, CLP International is committed to the development and operation of traditional and renewable energy power generation projects. As of the end of 2017, CLP International's total installed capacity is 35.17GW, of which 45% is for renewable energy generation.

Norwegian National Oil Company:

Equinor is the world's largest offshore oil and gas company. Its predecessor, the national oil company Hydro Hydro, was renamed Statoil. After Equinor and Scatec cooperated to develop photovoltaic projects in Argentina and Brazil, it was once again transformed into a renewable energy company. Renamed to Equinor. The company's production is distributed in 18 countries, including cooperation with PetroChina to provide tight gas technology in oil and gas exploration in Erdos, and cooperation with CNOOC Lufeng Oilfield Project. Offshore wind projects are located in Norway, Germany, Spain, Argentina and South Korea.

Although the global offshore wind power installed capacity ranks behind the Worth Group, Equinor has always led the industry to innovate and actively deploy the global offshore wind power market, becoming a global model for the transformation of traditional fossil energy companies into renewable energy companies.

They built Hywind, the world's first commercial floating offshore wind farm; in the 2016 European Wind Power Conference, the “Multi-Purpose Platform (MUP)” case was proposed, combining the combination of offshore wind power and offshore aquaculture to produce synergies.

In the just-released third round of CfD bidding results in the UK, the two 1200MW offshore wind power developed by Equinor and Scottish Southern Power jointly won the bid, totaling 3,600MW, making it the well-deserved winner. (Reference history article: electricity prices are low again! Britain has released the third round of CfD bidding results)

In the United States, Equino won the 816MW Empire Wind project in the first offshore wind power competition in New York State in July this year.

In Europe, Norwegian energy giant Equinor was approved in June to build a 200MW floating offshore wind farm in the Canary Islands of Spain. The project is expected to be put into operation in 2024, which will become the world's largest floating offshore wind farm. . (Reference history article: 860 million euros! The world's largest floating project has to settle in Africa?!)

Its first offshore wind farm in Asia is jointly developed with Korea National Petroleum Corporation (KNOC) and Korea Electric Power Company (EWP) at Donghae 1 with an installed capacity of 200MW near Ulsan, South Korea. It is planned to use a floating wind turbine foundation with a scale of Hywind Tampen. More than twice, it is expected to be put into operation in 2024.