State-owned enterprises were leading actors in the public tender. China’s top five state-owned power companies, i.e., Huaneng, Datang, Guodian, Huadian and CPIC, and their subsidiary new energy companies, participated in the public tender.
As this price approaches the benchmark prices for inland wind farms, industry experts largely believe the winning company will lose money on the offshore projects.
China’s first round of public tender for concession offshore wind farms, initiated in May this year, comprise four projects that are based in east China’s Jiangsu Province.
Two are offshore wind farms, located in Binhai and Sheyang respectively, with an installed capacity of 300MW each. Two other wind farms, inter-tidal projects, are located in Dongtai and Dafeng, sizing 200MW each.