The Belgian dredging, environmental and marine engineering group DEME and China COSCO Shipping have formed a joint venture to develop offshore wind energy in China.
The cooperation is in line with the Chinese climate vision and its aim to develop renewable energy, both of which were recently incorporated in the 13th Five-Year Plan (2016-2020) for social and economic development. The Chinese government wishes to increase the installed capacity of offshore wind energy significantly by 2020.
DEME and China COSCO Shipping have found one another in the COSCOCS – DEME joint venture active in offshore wind energy in China. China COSCO Shipping wishes to enter this new market segment and has found a partner in DEME’s subsidiary GeoSea, with its extensive experience in developing, building and maintaining offshore wind farms.
Source: DEME
