On March 10, we received the notice from CTG confirming that NBO is the winner of Three Gorges New Energy Yangxi-Shapa Offshore Wind Power total package project for its Phase III, IV and V (1 GW). 110km of 220kV export cable and 316km of 35kV inter-array cable in total will be provided to this project, with amount of €223 million. The project is expected to be completed before June 2021.
'We are very proud to win this super project. Such outstanding achievement is the results of the collaboration and trust from our employer accumulated during the first phase of this project, which NBO has made every effort to cooperate with the client to manage their expectations and guarantee the product quality and project schedule, thus establishing our company's brand and reputation in the industry', said vice President of NBO Mr. Du Zhiyong, after receiving the letter of award.
This is our third consecutive winning bid of this project after the bids for Phase I (300 MW) in 2018 and Phase II (400 MW) in January 2020. The combined value of five phases is €400 million and they are expected to produce about 5.6 billion kWh of electricity annually once fully operated. It is also the world's first 1.7 GW project to be developed by a single owner at the same location and by the same manufacturer on the EPCI basis, making this largest offshore windfarm of great significance for both NBO and CTG.
NBO has built strong teams in terms of technology R&D and production capacity for years to meet the needs of our customers. It is also one of the few Chinese enterprises with mature subseacable manufacturing technology of 500kV and below. NBO is always at the forefront of the industry with constant technology innovation.
We will continue to follow up and report the progress of this project, please follow us on for more information.