New Achievement made in China-Scotland New Energy Cooperation

On 15 November, Red Rock Power Limited, a subsidiary of Chinese State Development and Investment Corporation (SDIC), has officially opened its office in Edinburgh. Mr. Wang Huisheng, Chairman of SDIC board, Rt. Hon. Nicola Sturgeon, First Minister of the Scottish government, Mr. Pan Xinchun, Chinese Consul General in Edinburgh, Mr. Paul Wheelhouse,Minister for Business, Innovation and Energy of Scottish government attended the event.

Mr. Wang said that with the Chinese President Xi Jinping's successful state visit to the UK, a "Golden Era" of the relationship has begun, providing a strong support for the offshore wind power cooperation between China and Scotland. As Scotland has rich marine resources, excellent investment environment, comprehensive offshore operating experience and outstanding professionals, the Chinese side has full confidence in the investment and development of Scottish offshore wind power projects, and wishes to work together with its counterparts to make a role for business cooperation between China and Scotland. SDIC looks forward to participating in Scottish economic development in more areas for mutual benefit.  

First Minister Sturgeon expressed her warmest congratulations on the office opening of Red Rock Power Limited. She said China is an important partner to Scotland, and the both sides are strongly complementary with each other in economic cooperation. Scottish government is keen to welcome more Chinese investment which will contribute to the Scottish economic growth. She wished the project a great success.

In May this year, SDIC acquired Spanish Repsol's offshore wind power business in the UK, including two offshore wind projects, and set up the company Red Rock Power Limited.  

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