Known for their appetite for mega investments, Chinese energy companies and provincial governments are now training their sights on the capital-intensive world of offshore wind.

Last year, Chinese local authorities collectively green-lighted a staggering 40GW of new offshore projects that are supposed to come on line in the next two to three years. This is almost ten times the size of China’s current offshore operating capacity (4.44GW) at the end of 2018.

And while none of the installed wind farms are larger than 400MW, at least one third of the future projects will be above that benchmark, including the first 1GW-plus projects.