SinoTrans & CSC Holdings has been named as the other partner in Ezion Holdings’ joint venture Sinomarine & Teras (Tianjin) Offshore, which will work on offshore wind farm projects in China.
On Tuesday, Sinomarine & Teras (Tianjin) Offshore signed a strategic cooperation agreement with China Huadian Corporation, under which it expects to operate two service rigs for Chinese offshore wind farm projects by the end of the year.
The joint venture was established in February but formally launched on Tuesday at a ceremony attended by officials from the Chinese government, Tianjin Dongjiang Free Trade Port Area, Chinese port authorities, IE Singapore, power generation companies and others.
SinoTrans & CSC Holdings will look after the Chinese regulatory requirements for integrating the Ezion’s service rigs into China’s offshore windfarm market. Ezion will be responsible for the rigs’ technical, operational and commercial management.
“The development of renewable energy does not only contribute to the improvement of China’s climate and environment, but also to the world itself where the major countries have deliberated and concluded clear objectives during the 2015 United Nations Climate Change Conference in Paris. Hence, we will unswervingly adhere to this goal as a social responsibility for our business,” said Dr. Wang Kai Yuen, chairman of Ezion Holdings, in a release today.
Ezio said the JV has “received strong support from the administration commission of Tianjin Dongjiang Free Trade Port Zone”.
Ezion won a contract in December to supply liftboats and service rigs to support China Huadian Corp’s windfarm installations.