Cnooc to Lift Offshore Wind Power Capacity by 40% This Year

China National Offshore Oil Co. plans to boost its offshore wind power capacity by about 40% this year, tapping growth in the country’s burgeoning clean energy market as the outlook for oil weakens.

The country’s third-biggest oil and gas producer aims to raise its total installed offshore wind capacity to 3.5 gigawatts by year-end, said Chairman Zhang Chuanjiang, as reported by China Petrochem Magazine, an industrial news outlet. It has partnered with turbine maker Ming Yang Smart Energy Group Ltd. to deploy advanced models across China’s southern provinces, the magazine reported earlier this week.