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Published on January 8th, 2014 | by Zachary Shahan

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Shunfeng Aims For 10,000 MW Of Solar PV Projects By 2016 (That’s A Lot!)


January 8th, 2014 by  


shunfeng solarIt’s no secret — China is installing solar power faster than you can say “Bob’s your uncle.” The recently announced goal of one large Chinese solar developer is just another indication of that, but it’s certainly a big one. Shunfeng Photovoltaic says that it is now aiming to install 20,000 megawatts (MW) of solar power capacity by 2016. To put that into perspective, the largest solar PV power plant in the world is 600 MW in size, and the next behind it is currently about half that size. All but a dozen or so solar PV power plants are less than 100 MW in size. So… 10,000 MW by 2016 is huge.

Shunfeng is apparently already to 890 MW. So, just another 9,110 MW in ~3 years. “We aim to add 3GW in each of this year, next year and 2016, so that by the end of 2016 we will have 10 GW,” Shunfeng chairman Zhang Yi recently told the South China Morning Post. Good luck to the company!

If you follow the solar module industry closely, Shunfeng may ring a bell. The company is in the process of purchasing Suntech’s manufacturing armWuxi Suntech was formerly the largest solar module company in the world — until it ran into a number of controversies and ended up bankrupt. Its solar production capacity totals ~2,500 MW.

An integrated solar company of that size could certainly take advantage of China’s strong solar power growth targets. We’ll see if it succeeds and hits its 10,000 MW target.

According to Yi, Shufeng is able to achieve returns as high as 15% on its solar power projects.

Keep up with the latest news on China, Shunfeng, or solar energy via our JapanShunfeng, or solar energy channels. Subscribe to our solar or cleantech newsletter to never miss a related story. 
 

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About the Author

is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA] — after years of covering solar and EVs, he simply has a lot of faith in this company and feels like it is a good cleantech company to invest in. But he does not offer (explicitly or implicitly) investment advice of any sort on Tesla or any other company.



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