10 September 2013 09:18 [Source: ICIS news]
SINGAPORE (ICIS)--Chinese solar cell and module provider Shunfeng Photovoltaic International Ltd plans to build solar projects in Xinjiang province that could generate 1.5 gigawatts (GW) of power, a source close to the company said on Tuesday.
Shunfeng’s wholly owned subsidiary Shunfeng Photovoltaic Investment will partner with government firm Xinjiang Production and Construction Corps (XPCC) to develop a 500-megawatt (MW) and a 1GW solar power project, the source said.
The 500 MW project will cost yuan (CNY) 6bn ($980m) to develop and is scheduled to come online in October 2017, while the 1GW project will cost CNY10bn and is due for completion in end-2015, according to the source.
For the 500 MW project, XPCC will lease out 900 hectares (2,224 acres) of land in Xinjiang to Shunfeng Photovoltaic, and 2,667 hectares of land in the same province for the 1GW project, the source said.
($1 = CNY6.12)
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