The Memorandum of Understanding (MoU) signed between Wison and Shanghai Electric aims to promote the commercialisation of the floating power generation solution.
The joint development will be based on Wison’s existing Floating LNG Storage Regasification and Power Generation (FSRP). Wison received Approval in Principle (AiP) from Bureau Veritas (BV) for its 50MW FSRP design in July this year.
“Wison is greatly honored to join hands with Shanghai Electric, a worldwide market leader to develop FSRP products,” said Cui Ying, ceo of Wison.
“It’s no doubt the complimentary strengths and resources of the two companies can facilitate our path forward in commercialising floating LNG power, which in turn will solidify a leading position in this emerging market.”
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