SHANGHAI Electric Group aims to grab a 30 percent market share in China's offshore wind power market, a sector set to boom in coming years.
Shanghai Donghai Wind Power Co. expects to begin building the second phase of its Donghai Bridge wind farm near Shanghai at the end of the year.
The 100.8 megawatt offshore facility will cost 1.9 billion yuan ($310 million), Vice General Manager Zhang Kaihua said in an interview in Shanghai. The project, which will take 20 months to build, will use 28 wind turbines from Shanghai Electric Group Co. (601727) capable of producing 3.6 megawatts each, he said.
“The project is subject to approval from the Shanghai Development and Reform Commission,” Zhang said yesterday.
China’s goal of boosting offshore wind power capacity to 30 gigawatts by 2020 has spurred interest among developers ranging from China Longyuan Power Group Corp. (916) to China Datang Corp. Renewable Power Co. Some 3.95 gigawatts of offshore projects have been approved so far, according to data from the China Renewable Energy Engineering Institute.
Shanghai Donghai began operating a 102-megawatt offshore farm adjacent to the Donghai Bridge, also known as the East China Sea Bridge, in 2010. The 32.5 kilometer (20 mile) crossing, one of the longest cross-sea bridges in the world, connects mainland Shanghai and the offshore Yangshan deep-water port.