Published on November 13th, 2014 | by Mridul Chadha0
SPI Solar Signs Deal To Install 80 MW Solar PV Projects In China
November 13th, 2014 by Mridul Chadha
SPI Solar Power Engineering (Suzhou) Co., Ltd., a subsidiary of SPI Solar, has signed two new EPC agreements to install a cumulative of 80 MW of solar PV projects in two provinces in China. The larger of the projects with 70 MW capacity will be located in Huade County, Inner Mongolia, while the small, distributed solar PV project of 10 MW capacity will be located in Shunde County, Guangdong.
The company seems quite eager to implement these projects as the commissioning timelines given for the projects is quite short. Construction on the distributed power project will begin this month and will be completed and connected to the power grid by the end of next month. Work on the utility-scale project will start next month and is expected to be completed by July 2015.
As per the information available at the company’s website, the utility-scale project in Inner Mongolia will be its third project there. The company had signed two separate EPC agreements last month totalling 50 MW capacity through a different local subsidiary to set up projects in Inner Mongolia.
Last month, the company also signed an agreement to set up 100 MW of solar PV capacity in Hebei province. The capacity will be a combination of rooftop and distributed projects. In August, the company signed an agreement to set up 30 MW of solar PV project in Ningxia Hui province.
SPI Solar also recently announced that it has entered a framework agreement to acquire Shanghai All-Zip Roofing System Group, a dominant “roofing solutions” provider in the Chinese market. While SPI Solar did not share what it plans to do with the assets and knowledge it would gain through the acquisition, one may assume that the company will look to thrust into the rooftop solar power market in Chinese cities. With 2014 soon coming to a close and China far from its distributed solar target for the year, the policies around such projects have gotten much stronger and Bloomberg New Energy Finance is actually projecting up to 9 gigawatts of solar power will be added in China in the 4th quarter.
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