Singapore-listed Ezion Holdings is to supply liftboats and service rigs to support the installation of offshore windfarms in China for an unnamed client. No value for the contract was disclosed.
The client is a central-enterprise power generation corporation that falls under supervision of the state-owned Assets Supervision and Administration Commission of the State Council of China, Ezion said.
The Chinese client will undertake the engineering, procurement and construction of the windfarm, which Ezion said includes the design optimisation, manufacturing, transportation and installation of the wind turbine foundations, and the installation of the turbine and substation, cable laying and operating and maintaining the field.
Ezion’s service rigs will support the client in loading, constructing, transporting and installing elements of the turbine project, and the company will provide technical expertise.
“The agreement marks a major step forward for the group to participate and support a potentially high-growth wind energy market of China,” Ezion commented in a filing today.
China aims to install 5GW of offshore wind power capacity by 2015 and 30GW by 2020. The 2015 target has not yet been met, so more windfarms are expected to spring up in the next couple of years.
In its current five-year plan, China aims to reduce its CO2 emissions per unit of GDP by 17% and increase power generation from non-fossil fuel sources to 11.4% of the nation’s energy mix between 2011 and the end of 2015.