China will invest some 160 billion yuan (US$23.5 billion) in an offshore wind power project that will have an installed capacity of more than 10GW, Chinese state news agency Xinhua reported, citing the local government of Jiangsu where the project will be located.

Wind power, according to Xinhua, is the third-largest source of energy in the country after coal and hydropower. The country is already the world leader in wind power with 187 GW in capacity in early 2018. The plan is to increase this to 210 GW by the end of 2020.

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