Xinyu Xinwei New Energy, a wholly-owned subsidiary of turnkey developer and EPC contractor SPI Solar, has signed an agreement with the government of Fenyi County in China's Jiangxi Province to build and develop a 50 MW PV project in the region.
Once completed, the facility is expected to be one of the largest utility-scale PV projects in Jiangxi.
As part of the agreement, the Fenyi government will provide certain guarantees and support to Xinwei for the project's construction and development phases in addition to offering certain incentives and other services for later phases and leading up to grid connection.
"China is one of SPI's key global focus markets in which to develop utility-scale PV projects, and while still in the early stages of growth, we believe China's installed PV market will mature into one of the largest globally within the foreseeable future," said SPI Chairman Xiaofeng Peng.
SPI is a subsidiary of LDK Solar.
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