Renewable energy project developer China Merchants New Energy Group (CMNE) has signed a deal with the Chinese city of Xingtai to build 300 MW of solar projects.
CMNE is set to begin construction this year on an initial 100 MW project in the city, located in Chinas Hebei province south of Beijing, the company announced this week.
The company, which did not reveal financial details of the Xingtai enterprise, formed a joint venture earlier this month with Xinjiang Production and Construction Corps Investment Co. to invest CNY 3 billion ($489 million, 378 million) to develop some 300 MW of solar farms in the Xinjiang province in northwestern China by 2015.
Popular content
Last year CMNE secured CNY 10 billion from the China Development Bank last year to finance solar projects and the group partnered with Chinese polysilicon giant GCL-Poly Energy Holdings to develop some 973 MW of PV facilities in the country.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Share
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.