China declared the largest chunk of territorial waters off its coast open for offshore wind development, as its southernmost province of Hainan inked a deal with renewables giant State Power Investment Corp (SPIC) that could also pave the way for green hydrogen production.
The co-operation agreement foresees SPIC investing in ‘deep-sea’ wind power, hydrogen, energy storage and a clutch of other sectors in the island province, which has so far been a laggard in renewables.
