The China Energy Investment Corporation (China Energy) has announced it has signed a deal with the EDF Group to jointly develop an offshore wind farm in eastern China's Jiangsu Province.
Total investment for the project are around 7.9 billion yuan and the wind farm will have a total installed capacity of 502MW. The project, based in the city of Dongtai in Jiangsu Province, is scheduled to come online in early 2021 and will be jointly funded, built and operated by China Energy and EDF Group. China Energy will hold a 62.5% stake in the joint venture, with EDF Group owning the remaining share.