Shanghai to promote the development of offshore wind projects in the Hangzhou bay area

Shanghai government launched a series of policies and measures to boost investment and support the city’s economic development. After surging 10.3 percent in 2020, fixed asset investment in Shanghai last year is expected to increase 8 percent YoY. A new round of support policies for renewable energy, battery charging and swapping facilities will be introduced, the development of offshore wind power projects in the Hangzhou Bay area will be promoted, and the comprehensive development and utilization of “solar +” in various industries will be accelerated.

(Shanghai GOV)

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