CNOOC New Energy Investment Co., Ltd., a wholly owned subsidiary of CNOOC, was founded in 2007 with a registered capital of RMB 80 million. Its business mainly covers the exploration and utilization of renewable and clean energies including wind power, coal-based clean energy, biomass energy and li-ion power battery.
In 2009, the alternative energy development of CNOOC entered a substantial stage. An overall breakthrough was achieved in the development of wind power and biomass energy, thus forming the preliminary industrial chain of alternative energy.
In 2009, 6 projects started construction and 4 projects were either put into operation or near completion. The Huade 49.5MW wind farm in Inner Mongolia was successfully grid-connected for power generation, and the Hainan 60,000t/a biodiesel pilot project produced on-spec biodiesel products. The Dongfang 48MW wind power project in Hainan completed the erection of 20 wind turbines, and CNOOC Biolux (Nantong) 270,000t/a biomass project realized mechanical completion of some equipment. The 201MW wind farm project in Changma, Gansu Province, completed the foundation for 67 wind turbines and is scheduled to be go into operation by the end of 2010.
Bohai offshore wind power demonstration project, China's first offshore wind power station, had generated power 5.81 million kWh in total to the nearby oilfields.
In 2009, CNOOC decided to take substitute natural gas (SNG) as the main direction of coal-based clean energy development. CNOOC successfully reorganized Tianjin Lishen Battery Co., Ltd., and set up the Putian CNOOC New Energy Power Company jointly with Putian Group, officially starting its power battery and related business.
In 2009, CNOOC set up New Energy Research Institute which undertook 23 research programs at national level and Group level and submitted 23 patent applications, 16 of which were accepted and 7 granted approvals.
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