SPIC Dongfang New Energy announced today it has received clearance to build a 400-MW wind park off the coast of Changhai County, Dalian, in China’s Liaoning province.
The company said in a statement it has received the green light to proceed with an offshore wind project whose total value amounts to USD 1.02bn/EUR 915m.
SPIC Dongfang New Energy plans to cover 30% of the project value itself and use bank loans for the balance.
The announcement mentions that the on-grid electricity price is agreed at CNY 0.795 per kWh, including VAT.
