(Yicai Global) May 20 -- China Huaneng Group has signed a strategic cooperation agreement with officials in Jiangsu provincial capital Nanjing to jointly invest CNY160 billion (USD23.2 billion) to build an offshore wind power base to produce tens of millions of kilowatts of power, according to a statement. 

The two sides will deepen strategic cooperation in the field of energy, focus on accelerating offshore wind power development and strengthen equipment manufacturing, according to the statement.

Editor: William Clegg