China’s State Power Investment Corporation (SPIC) has entered into a strategic cooperation agreement with Mingyang Electric Group for the development of offshore wind power in Guangdong, China.

As part of the agreement, the two parties will cooperate on the development and construction of offshore wind farms, as well as on the development of offshore wind power technology. The cooperation also covers the international market for the development of offshore wind farms. Mingyang Electric will be providing equipment and services under this partnership. SPIC’s chairman Wang Binghua said that the state-owned enterprise has set offshore wind power as one of its business development keys domestically.