CNOOC project powers revival of renewable energy

China National Offshore Oil Corp, China's largest producer of offshore oil and gas, is back in the country's offshore wind power market after closing its renewable energy unit five years ago.

The company will be participating in a project in East China's Jiangsu province. Applying its engineering expertise and experience in offshore operations, it will further develop its clean energy portfolio.

Yuan Guangyu, CEO of CNOOC Ltd, the company's upstream listed arm, said the offshore wind power sector is aligned with the company's overall business, given its resources in offshore, which it can directly apply in the sector.