Shares of Dajin Heavy Industry rose after the Chinese supplier of structural components for offshore wind projects secured a USD135 million order from a European offshore wind farm.
France has the second largest current in Europe. With a demonstrated development potential of around 5 to 6 GW, it represents a production of 15 to 18 TWh to supply electricity to 8 million people.
Hanbando Offshore Wind will launch the Environmental Impact Assessment and other key permits, conduct site investigations and initiate the main engineering studies.