New Government Subsidies Spur Solar Projects in China

China’s Suntech Power Holdings announced this morning an agreement with China Huadian New Energy Development to create 500 megawatts of utility-scale and commercial solar projects in China’s Jiangsu and Shanghai provinces.  The announced projects are scheduled to take place over the next three years.

“These solar systems will provide clean and renewable energy to countless Chinese households and businesses, particularly those in western regions, and facilitate sustainable development,” commented China Huadian New Energy’s General Manager Zheng Fang to the press.

China Huadian New Energy will be accountable for the projects outlay and development, and Suntech will provide the crystalline silicon solar modules, structural design and technical support.

Some of the solar projects developed through the Suntech and Huadian New Energy partnership had previously been disclosed.  Some details for upcoming solar projects to be carried out in Qinghai province, Shaanxi province, Shizuishan city, Ningxia province, Panzhihua city, Sichuan province, and Jiangsu province had already been announced.

New solar subsidies implemented by China in March made solar a more viable and cost effective option.  At the announcement of the subsidies, Suntech was able to announce that it would move forward with plans to build the largest solar grid in Jiangsu province. The 1.5-MW system is slated to be finished some time in October.  The new funding in China allows for a cash grant of up to RMB 20 ($2.90) per watt for installations equal to or higher than 50 kilowatts.

Special thanks to www.cleantech.com for the above quote, for more information visit the articles at their website.