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Chinese offshore oil giant CNOOC sets renewable energy goal to aid nation’s decarbonisation efforts

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After making a foray into offshore wind power, CNOOC now plans to develop onshore solar and wind farms as part of its diversification from oil and gas.The Chinese offshore oil and gas giant was actively pursuing renewable energy projects with a goal to build up annual capacity of at least 5,000 megawatts by 2025, chairman Wang Dongjin said on Thursday.“We have set up a team to study and formulate our plans to implement carbon reduction targets for 2030 and 2060,” Wang told reporters after CNOOC…



After making a foray into offshore wind power, CNOOC now plans to develop onshore solar and wind farms as part of its diversification from oil and gas.The Chinese offshore oil and gas giant was actively pursuing renewable energy projects with a goal to build up annual capacity of at least 5,000 megawatts by 2025, chairman Wang Dongjin said on Thursday.“We have set up a team to study and formulate our plans to implement carbon reduction targets for 2030 and 2060,” Wang told reporters after CNOOC…

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