Leading solar manufacturer JinkoSolar just announced it has won a contract to build a 50 megawatt (MW) project for Three Gorges New Energy Corporation in the Gansu Province in China.
One of the largest state-owned power companies in China, Three Gorges New Energy has an impressive amount of assets, totalling 300 renminbi’s according to the statement. The company has invested heavily in various renewable energy projects, such as hydro, wind, and solar. Recently, the company has been rapidly investing in solar plants across China.
So, it’s no surprise, given this track record, that Three Gorges New Energy is teaming up with JinkoSolar in this latest venture.
“Our goal is to drive China’s future in renewable energy, and in particular solar power which has proven to be one of the most feasible and eco-friendly solutions,” said Project Deputy General Manager of Three Gorges New Energy Zhengfeng Yang.
“We feel excited to work with JinkoSolar to make electricity from solar power more competitive and economical,” he said.
JinkoSolar officials were also supportive of the new deal:
“We are very pleased to be working with Three Gorges New Energy to deliver cost-competitive solar power on 50-MW scale,” said Mr. Xiande Li, Chairman of JinkoSolar. “By combining our high-efficiency solar technology and CTGNE’s experience in financing and management of clean energy projects, we are confident that this project will maximize the solar energy generated over the span of system’s life. The increased amount of electricity being generated from renewable energy sources, from solar in particularly, will gradually change the Chinese energy portfolio.
“This strategic partnership with Three Gorges New Energy will further strengthen the Company’s position in China’s renewable market. We look forward to future cooperation between our two companies including joint exploration of hybrid solar-wind solution projects with them,” added Mr. Xiande Li.
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