Shanghai Electric aims for 30% of offshore wind energy market

SHANGHAI Electric Group aims to grab a 30 percent market share in China’s offshore wind power market, a sector set to boom in coming years.
Shanghai Donghai Wind Power Co. expects to begin building the second phase of its Donghai Bridge wind farm near Shanghai at the end of the year.
The 100.8 megawatt offshore facility will cost 1.9 billion yuan ($310 million), Vice General Manager Zhang Kaihua said in an interview in Shanghai. The project, which will take 20 months to build, will use 28 wind turbines from Shanghai Electric Group Co. (601727) capable of producing 3.6 megawatts each, he said.