EIB pours EUR 76.5m in 300-MWp Spanish solar project
Dec 11, 2019 16:45 CESTJune 20 (SeeNews) - Chinese firm Zonergy Co Ltd has officially hooked to the grid a third of the 900-MW second phase of Pakistan’s Quaid-e-Azam solar park, Global Times said Sunday.
The newspaper said, citing a company statement, that the plant was entirely financed and constructed by Zonergy. The solar farm is expected to be able to generate approximately 480 GWh of electricity per year, enough to power some 200,000 local households.
The total cost of the entire 900-MW scheme is estimated at more than USD 1.5 billion (EUR 1.32bn). It is part of Zonergy’s commitment to add 1,800 MW of solar capacity in Punjab under the Pak-China Economic Corridor (CPEC).
Pakistan’s first utility-scale solar farm is located in the Cholistan desert near Bahawalpur city, Punjab province. The 100-MW first phase of the 1,000-MW scheme has already been put into operation.
(USD 1.0 = EUR 0.882)
EIB pours EUR 76.5m in 300-MWp Spanish solar project
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