Stockholm-based Deepwater Windenergy Investment (DWI) has been working with Powerchina Beijing Engineering in developing two offshore projects in Greece.
The projects will use DWI's Power Station floating platform, which can support between 18 and 24 wind turbines on its structure. Each platform's capacity ranges from 36MW to 86MW.
As part of the agreement, Powerchina will evaluate the proposed projects in Greece and could become the main investor.
Anders Tunbjer, CEO of DWI said the two companies have a close working relatioship. "We've been working with Powerchina Beijing for the last year and a half. We're working together on two projects in Greece. We're in the final process to say 'go ahead' for at least one of the projects.
"For the first project they will be the owner, the main investor," he said. The platforms are expected to be built in Chinese shipyards.
Powerchina said the company was looking to expand into the European renewables market.