Tuesday, November 10, 2009

Suntech starts on first 10 MW of Jiangsu solar project

Wuxi, China-based Suntech Power Holdings said it has started building the first phase, 10 megawatts, of a 50-MW solar power plant with strategic partner China Huadian New Energy Development.

Suntech (NYSE:STP) holds a minority share in the project, located in Dongtai, in eastern China’s Jiangsu Province. The first phase is expected to be completed as soon as the end of 2009. The crystalline silicon photovoltaic module manufacturer plans to supply its modules for the project, as well as designing and managing the plant’s installation.

China Huadian New Energy Development finances, constructs, manages, and operates renewable energy electric generation facilities. It was established in 2007 by power utility China Huadian and four of its subsidiaries.

The Dongtai solar plant is to be powered by more than 37,000 Suntech solar panels and displace about 15,000 tons of carbon dioxide emissions per year. Financial details were not disclosed.

The project is expected to be supported by the province's feed-in tariff policy that offers RMB 2.15 ($0.31) per kilowatt-hour for ground-mounted solar projects finished in 2009 (see New solar subsidies in China set to reduce installed cost by half).

This is the first project being initiated under a strategic agreement between Suntech and China Huadian New Energy Development, announced earlier this year (see Suntech, China Huadian New Energy partner on solar jobs).

The companies committed to developing utility-scale and commercial rooftop solar projects in China's sunny western provinces, Jiangsu province and Shanghai, during the next three years.

In May, Suntech also announced plans to build the largest grid-connected solar installation in Jiangsu Province, in partnership with Jiangsu Guoxin Group.


(Clean Tech, November 9, 2009)

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