Chinese offshore oil & gas giant CNOOC is poised to acquire large-scale onshore and sea-based wind power assets as it looks to gear up its green development portfolio.
CNOOC said it intends to secure offshore acreage with the potential to house 5-10GW of wind generation, with the company targeting to have 1.5GW installed and commissioned by 2025.
It is also looking to build an onshore portfolio with the potential for 5GW of onshore wind and solar, with plans to have 500MW-1GW commissioned by mid-decade.
