Bloomberg News

Longyuan Starts Operating China’s Largest Offshore Wind Project

By Bloomberg News
November 27, 2012

China Longyuan Power Group Corp. (916), the nation’s biggest developer of wind farms, started operating a 150-megawatt venture off the eastern province of Jiangsu.

The project, China’s largest sea-based wind farm, will raise Longyuan’s offshore capacity in Rudong county to 182 megawatts, after 32 megawatts were completed in 2010, the company said in a statement yesterday. It can sell the power at 0.778 yuan (13 cents) a kilowatt-hour.

China has a target to install 5,000 megawatts of offshore wind farms by 2015 as it seeks to meet growing energy demand without adding to emissions. Projects planned by Beijing-based Longyuan will account for a fifth of that goal.

To contact the reporter on this story: Feifei Shen in Beijing at fshen11@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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