Friday, May 13, 2016

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China Cosco Shipping and DEME unite to develop wind power

China's Cosco Shipping and Belgium's DEME have formed a joint venture to develop offshore wind farms in the Asian nation.

The cooperation is in line with China's aim to increase its offshore wind capacity significantly by 2020, according to a statement issued by the COSCOCS-DEME New Energy JV.

The shipping company said it would work with DEME subsidiary GeoSea on developing potential offshore wind farms.

DEME chief executive Alain Bernard said: "Thanks to the accumulated know-how and experience with complex infrastructure projects at sea, DEME can support and carry out China Cosco Shipping's offshore wind vision.

"The joint venture with China Cosco Shipping is a win-win for both parties and will contribute to realizing the ambitious Chinese climate objectives."

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