Cnooc to lift offshore wind power capacity by 40% this year
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Cnooc plans to increase its offshore wind power capacity by 40% this year, aiming for a total of 3.5 gigawatts by year-end. This move aligns with China's growing clean energy market as oil demand stagnates. The company is collaborating with Ming Yang Smart Energy Group to deploy advanced wind turbine models. China's offshore wind capacity has reached 47 gigawatts, and the government aims to double wind and solar capacity by 2035, as investments in renewables rise due to falling costs.
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