Solar system in Tibet, China. Author: Desmond Kavanagh. License: Creative Commons
Chinese firm Xi’an Longi Silicon Materials Co Ltd (SHA:601012) said Thursday it will construct 50 MW of photovoltaic (PV) capacity in Tibet autonomous region within a period of two years.
The company signed an investment cooperation agreement with the Development and Reform Commission of the city of Chamdo on June 16 to build the solar arrays in its Baxoi county. The systems will require a total investment of approximately CNY 500 million (USD 80.5m/EUR 71m), according to a statement on the Shanghai Stock Exchange.
As part of the deal, Xi’an Longi Silicon will install building integrated photovoltaic (BIPV) systems in various solar-agricultural hybrid facilities, such as greenhouses, animal husbandries, farms and processing centers. The firm will set up a project company which will be in charge of the scheme. Given the entity does not complete the preparatory works at the site within the following 12 months, the agreement will be terminated automatically, the company noted.
Xi’an Longi Silicon chiefly makes monocrystalline ingot and wafer for the photovoltaic (PV) industry. Last week it teamed up with PV product maker Yingli Green Energy Holding Co Ltd to jointly establish a vertically-integrated high-efficiency monocrystalline product line.