The Jinchang Municipal Government and Shanghai Alex Solar Energy Science and Technology signed an agreement in early May to develop 1 GW of photovoltaic solar capacity in the Jinchang city development center as part of a 5-year plan extending to 2016.
The total investment is said to be worth approximately 11 billion yuan, which is close to $1.7 billion USD. Alex Solar will build solar power stations in western Jinchang City, and a new factory will be developed in the new Jinchang City Economic and Technological Development Zone, which will have a capacity of 300 MW on its own.
“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,” said Zhang Lingping, Municipal Party Committee Secretary, who presided over the ceremony. “Jinchang City is rich in natural resources and its sizable territory provides a platform for developing solar plants employing unique grid architecture.” Mr. Zhang explained that the government will “be adhering to this agreement and will provide all the necessary support to ensure this project gets an early start achieving early results.”
ZHANG LIANWEN, Chairman of Alex Solar, says the signing ceremony is an opportunity to seek further cooperation with the city of Jinchang in order to continue his mission of “utilizing science and technology to improve the quality of life for all people domestically and abroad.” Mr. Zhang Lianwen also recognizes that the ceremony signifies “an era of growth in Jinchang, bringing new business, increased revenue and more jobs to the developing area. Alex Solar is happy to be spearheading that growth.”
Source: Alex Solar