Jiangsu solar plant kicks off construction
Shanghai. November 9. INTERFAX-CHINA - Suntech Power Holding Co. Ltd. and Huadian New Energy Development Co. Ltd. have started construction on a 50 megawatt (MW) solar power plant in Dongtai City, Jiangsu Province, the city government announced on Nov. 9.
Suntech, one of the world's leading makers of crystalline silicon photovoltaic (PV) modules, will supply equipment for the plant, according to the announcement.
The companies plan to install 10 MW of PV modules in the first phase of construction, which will use more than 37,000 Suntech solar panels. The project is expected offset 15,000 tons of carbon dioxide emissions per year upon operation, which is scheduled for the end of this year, according to the city government.
Under a policy that the Jiangsu provincial government launched in June, the solar power plant can sell its electricity to the local power grid for RMB 2.15 ($0.315) per kilowatt hour (kWh).
The preferential policy will allow the solar power plant to be profitable upon operation, a Huadian representative told Interfax.