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.?