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Chinese company Alex Solar has been contracted to develop 1GW of photovoltaic (PV) capacity in Jinchang city, central China.
The entire project is expected to represent an investment of RMB11bn ($1.7bn), which will be solely owned, financed and operated by Alex Solar.
Permission was granted by the local authority, marking the start of Alex Solar’s plans to increase its presence in the city, which is know for its sunshine and land resources.
Zhang Lianwen, chairman of Alex Solar, said, ‘Alex Solar is happy to spearhead the growth in the city of Jinchang, utilising science and technology to improve the quality of life for all people domestically and abroad.’
Zhang Lingping, Municipal Party Committee Secretary, added, ‘This project happens just in time to support China’s 12th Five-Year Plan for National Economic and Social Development focusing on the energy, technology and health care sectors.’
Copyright © 2012 NewNet
Tags: Alex Solar, china, photovoltaic, PV, solar panels, solar power
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