EDF Forms JV to Develop Offshore Wind Projects in China
June 02 2020 - 8:49AM
Dow Jones News
By Giulia Petroni
Electricite de France SA said Tuesday that it has signed the
final joint-venture agreements with China Energy Investment Corp.
to develop offshore wind projects in China.
The French energy company said it is taking a 37.5% stake in the
new company through its subsidiaries EDF Renewables and EDF China,
while CEI will hold the remaining stakes through Shenhua Renewable
and Shenhua Clean Energy Holdings.
The new company is currently building and operating
502-megawatts of offshore wind-power projects off the coasts of the
Jiangsu province, north of Shanghai.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
June 02, 2020 08:34 ET (12:34 GMT)
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