China National Offshore Oil Corp Shantou Offshore Wind is a 1,000MW offshore wind power project. It is planned in South China Sea, Guangdong, China. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2026.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Offshore | 1,000 | – | 1,000 | Permitting | Guangdong, China | China National Offshore Oil |
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Description
The project is being developed and currently owned by China National Offshore Oil.
The project cost is expected to be around $2,755.4m.
Development Status
The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2026.
About China National Offshore Oil
China National Offshore Oil Corp (CNOOC), is an energy company that carries out exploration, development and production of crude oil and natural gas. It also offers engineering and technical services, including oilfield, offshore oil engineering, and professional services. It also carries out the production and sale of petrochemical products and fertilizers; operation of liquefied natural gas (LNG) receiving terminals and natural gas pipelines; natural gas liquefaction and distribution activities; and power generation. The company provides financial services, including finance leasing services. It is a state-owned company operating under the Assets Supervision and Administration Commission. CNOOC is headquartered in Beijing, China.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
