Renewable Energy Hotspot! The collaboration between Haiyang Electric Power and China National Offshore Oil Corporation (CNOOC) aims to establish an integrated supply chain for offshore renewable energy.
On May 25, 2025, at 23:00, Xinhua Finance reported through its app that recently, Haiyang Electric Power and CNOOC signed a “CNOOC-Haiyang New Quality Renewable Energy Development Framework Cooperation Agreement.” This strategic partnership is set to explore the transition of renewable energy technologies and promote new energy initiatives.
During the meeting, CNOOC representatives discussed renewable energy technology and operational capabilities, emphasizing the importance of partnerships in the sector. The collaboration is expected to enhance resource management and optimize the development of offshore renewable energy.
According to the agreement, both parties will focus on innovative projects within the renewable energy sector, including the integration of artificial intelligence and efficient resource management. This will involve the establishment of a robust supply chain to support the development of new power generation technologies.
Currently, Haiyang Electric Power is recognized for its significant contributions to the renewable energy market, with projected resource allocation amounting to 8 billion yuan, including 3.92 billion yuan from its own reserves, constituting 49% of its total capacity.
The focus of Haiyang Electric Power and its partners will be on enhancing the efficiency and effectiveness of the renewable energy supply chain, which is critical in meeting future energy demands. The partnership aims to foster advancements in renewable energy production and technology.
Looking ahead, Haiyang Electric Power is committed to continuing its expansion in the renewable energy market, collaborating with key stakeholders to drive high-quality development in the sector. This partnership signifies a new chapter in the journey towards a sustainable energy future.
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