CHINA COSCO Holdings Co, the world's biggest operator of dry-bulk ships, signed an initial accord with Solar Sailor Holdings Ltd yesterday for the Australian company to develop renewable power systems for tankers.
Solar Sailor will design and engineer wind and solar power units for a COSCO tanker and bulk carrier, said Ian Macdonald, minister for state development in Australia's New South Wales. Solar Sailor fits wing-shaped solar panels to vessels to generate solar power as well as capture energy from the wind.