Companies

COSCO, SeaEnergy in offshore wind industry agreement

(Xinhua)
Updated: 2010-07-08 11:13

LONDON - British renewable energy firm SeaEnergy PLC announced Wednesday it signed an agreement with Chinese shipbuilder COSCO to develop and market steel structures for the offshore wind industry.    

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The cooperative agreement was expected to lead to a definitive contract to develop and market turbine jacket substructures, towers and access systems for offshore wind farms.    

"The two companies will now work together over the coming  months to develop a detailed business plan and commercial  framework which will form the basis of their ongoing relationship." said the announcement released by SeaEnergy PLC.    

SeaEnergy CEO Joel Staadecker said he was delighted to work  with one of China's premier state-owned enterprises and direct  efforts at the critical supply chain needed for offshore  structures.    

The cooperation agreement marks the first significant agreement in offshore wind between a Scottish company and a major  state-owned Chinese enterprise.