ECIDI (POWERCHINA HUADONG ENGINEERING CORPORATION LIMITED (hereinafter referred to as “POWERCHINA HUADONG”) has signed an EPC (Engineering, Procurement and Construction) contract with Jiangsu Huawei Wind Power Co., Ltd for the Jiangsu Qidong Offshore Wind Power H1, H2 and H3 Projects.
The total contract amount for the three projects, which has an accumulated capacity of 800MW, is CNY 12.5 billion. (Finance Sina)
While the detailed terms of the contract are not available, the price of CNY 15,625 CNY/kW suggests that most of the CAPEX is flowing through this contract. This type of all-in tun-key arrangement had so far been rare in China, where developers typically directly manage the different packages and sub-contracts.