Ocean Sun has signed second agreement to license its proprietary floating solar technology to the EPC Sunneng Technology for the construction of a 0.5 MWp FPV pilot connected to a wind turbine in Haiyang, off the coast of Shandong Province, China. The project is fully funded by State Power Investment Corporation (SPIC). This is Ocean Sun's first truly offshore installation, and the first offshore wind and solar hybrid project utilizing SPICs existing power infrastructure.

Once the pilot has shown its robustness through one typhoon season, the remaining wind turbines at this location will also connect 0.5MWp floaters to a total 20MWp project in 2023. This is one of several SPIC-owned wind powerplants in the area.