On October 20, at the construction site of Wison New Energy (WNE) Offshore Equipment Base project, construction in the core areas has been fully rolled out. Breakthroughs have been achieved simultaneously in the three key zones: the land-based site, the outfitting quay, and the offshore dry dock. The project as a whole is progressing efficiently and in an orderly manner according to the established schedule.
It is understood that the project occupies 1,685 mu (approximately 112.333 hectares) of land with a total construction area of 320,000 square meters. It is designed to produce two medium-to-large-scale floating natural gas units annually, with projected annual taxable sales of RMB 20 billion and tax revenue of RMB 500 million. Currently, the project is undergoing steel structure installation, with 60% of the civil engineering work completed.
On August 1, 2024, WNE announced the signing of an investment agreement with the Qidong Municipal Government, marking the official launch of the Qidong Wison Offshore Engineering Equipment Base Project with a total investment of 9 billion yuan (approximately US$1.265 billion). Construction commenced on February 5, 2025.
The WNE Qidong Yard covers ~ 1.2 million square meters, and Phase I contains a shoreline length of 1370m with an excavated deep-water harbor basin. According to the development plan, there will be a 520m x 110m offshore dock, along with a 2,000t gantry crane. This yard will also have a module assembly area of 150,000 square meters equipped with a 1200t gantry crane, a berth for lifting and shipping modules up to 5,000t , and a RORO shipping terminal for modules up to 10,000t.
Under the plan, the majority of production facilities at the Qidong base’s land area are expected to be fully completed and operational by the end of 2025, with an annual production capacity of 250,000 tons of steel. The overall outfitting dock project is scheduled for completion by the end of February 2026. The offshore work dock project is projected to be completed and officially put into operation by the end of June 2026.
As another core strategic platform for enhancing WNE’s global competitiveness, this base project will become a key pillar for WNE’s production capacity upgrade upon completion. It will significantly strengthen WNE’s full-industry-chain integration capabilities and its capacity for green, large-scale, and intelligent construction in the clean energy sector—particularly for high-end offshore engineering equipment such as large and ultra-large floating liquefied natural gas (FLNG) production units, low-carbon floating production, storage, and offloading (FPSO) units, and modular facilities.