China Gogreen to develop 20 MW of PV facilities in Henan province
(ADPnews) - Dec 9, 2010 - Solar power firm China Gogreen Assets Investment Ltd (HKG:0397) said today it will install 20 MW of solar photovoltaic (PV) power systems in the city of Zhengzhou, Henan province, under an investment agreement with the state-owned Administration Committee.
The company will invest some CNY 300 million (USD 45m/EUR 34m) in the facilities, sourced from bank loans and from its cash on hand. The deal is seen to expand its downstream green energy operations.
The project will be developed in two phases. During the first phase, the company will install 10 MW of amorphous silicon thin-film power units in the Zhengzhou High and New Technology Industries Development Zone with completion scheduled for 2011. The second phase will involve the installation of the remaining 10 MW by 2012.