China Longyuan Power Group – the world’s largest turbine operator – unveiled its first foray into floating wind, in what could be part of a long-game strategy to make up lost ground in the fixed-bottom offshore sector.

Longyuan pledged to invest 10bn yuan ($1.4bn) to develop a series of new energy projects in Putian city, Fujian province, including a floating wind technology research and development (R&D) centre, local media reported.