Clenergy inks investment deal for distributed PV market in Fujian, China

Projects are expected to reach 150MW.

According to a release, Clenergy announced that it has entered into an investment agreement with the Xiamen National Hi-Tech Entrepreneurship Center. The two partners will co-operate to develop and construct distributed generation solar projects in Fujian province.

By fully leveraging their market resources and advantages in the government sector, the partners will establish a joint venture and develop about 150MW of distributed solar projects in Fujian, starting with Xiamen city. The first roof mounted solar system will be installed at the Xiamen Innovation Park, where the Entrepreneurship centre is located.

The framework agreement outlines the second phase of their development plan in the coming three years, which focuses on commercial and utility-scale solar projects in Fujian. Major goals of the partnership include bringing solar-related high-tech industries to Fujian province and promoting the sustainable photovoltaic applications in residential and BIPV (Building Integrated Photovoltaic) market sectors.

Besides its well-known renewable energy products, Clenergy has successfully entered new business fields in China including solar project investments and services in 2013. Thanks to its business expansion, Clenergy plays a comprehensive role in the development of distributed PV generation in line with the Chinese government's policies, especially in Xiamen, where Clenergy’s headquarters is located, and in Haixi, the Western Taiwan Strait Economic Zone.

“The signing of the agreement definitely benefits Clenergy’s increasing activities in the region,” said Clenergy CEO Daniel Hong. “As for distributed generation, Clenergy will focus on public facility sectors like bus stations, airports, exhibition centers and libraries,” he added. “With arms wide open, Clenergy welcomes more people to join us in win-win partnerships and to further expand the use of clean and renewable energies, not just in China but all nations globally ” Mr. Hong added.