EDF Signs on for Offshore Wind Job in China

The cooperation agreement signed with China Energy Investment, a leading industrial player on China’s electricity market, concerns EDF’s acquisition of a stake in the Dongtai IV and V offshore wind projects, located off the coast of Jiangsu Province north of Shanghai. The Dongtai IV projet is currently being built; the construction of Dongtai V is scheduled to begin in 2019. Subject to the signing of the final contracts, both partners will build and operate a total installed capacity of 500 MW, which will be gradually commissioned by 2021.

With 3.8 GW of offshore wind capacity already in operation, China is a promising market which should continue to grow quickly and account for nearly one half of the global fleet by 2030 with 50 GW in operation.

Jean-Bernard Lévy, EDF Group Chairman and Chief Executive Officer, said: “The agreements signed today consolidate EDF’s foothold in China, a strategic country for the Group’s international expansion. In China, EDF is now active in all main business segments, all of these helping the Group to support China’s energy ambitions whilst reducing CO₂ emissions: nuclear, renewables and energy services. As part of EDF’s CAP 2030 strategy, the Group is aiming to triple its business volume outside of Europe”.