Hanergy Solar to build 120 MW of solar plants in China

Sep 24, 2013 - Chinese firm Hanergy Solar Group Ltd (HKG:0566) said today it planned construct 120 MW of solar parks in northwestern China.

The new capacity includes a 100-MW photovoltaic (PV) park in Hainan state, China’s Qinghai province, and a 20-MW solar plant in the Xinjiang Uygur Autonomous Region.

Hanergy Solar, which makes equipment and turnkey production lines for amorphous silicon thin-film PV modules, said the proposed two solar plants are its first two downstream projects in China. The company plans to further grow into the downstream segment, which is benefiting from growing government support and attractive incentives.

The group, former Apollo Solar Energy, has already secured government consent for the two projects. The construction of the bigger project is conditional on the allocation of payment of CNY 500,000 (USD 82,000/EUR 60,000) per MW to the local authority. After the company conducts feasibility and land investigation and environmental studies, it is expected to sign a formal construction agreement with the relevant authorities and start building works.

For the 20-MW project, Hanergy Solar will have to complete a tendering process.

The planned Qinghai solar park is scheduled to be put on stream by this Christmas, generating about 155.6 million kWh of power, or enough to avoid about 136,272 tonnes of carbon dioxide emissions (CO2). Once completed, the Xinjiang facility is seen to produce 27.3 million kWh of electricity and mitigate 22,900 tonnes of CO2. It is also scheduled for completion by December 25.

(CNY 1.0 = USD 0.163/EUR 0.121)

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