Contemporary Amperex Technology (CATL), the world’s largest EV battery maker, is set to construct its own $1.83 billion offshore wind farm.
The Chinese EV battery and battery storage giant’s planned offshore wind farm will be located near its headquarters in Ningde in southeastern Fujian Province, and will supply clean energy to support its operations, according to a report by Caixin.
The Fujian Provincial Development and Reform Commission recently approved the construction of an 800-megawatt (MW) offshore wind farm, as well as associated battery storage projects. CATL is required to commence construction within two years.
Fujian Runshi Offshore Wind Power, a subsidiary of CATL registered in April 2023, will lead the development of the project. CATL’s green energy unit owns 96% of the subsidiary company, with state-owned Fujian Mindong Electric Power and PowerChina Fujian Electric Power Engineering holding the remaining 4%.
By reducing its carbon manufacturing footprint with offshore wind, the world’s largest EV battery maker aims to make a significant environmental impact.
Read more: Stellantis plans deal with CATL for LPF batteries, new gigafactory.
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