Guodian Power Will Expand To Include Solar Power
Posted on: August 10th, 2009 by Jason DrewBeijing-based Guodian Power Development signed a joint venture agreement with Ontario’s Canadian Solar, the companies have announced today. Canadian Solar will help Guodian Power Development install and operate photovoltaic power plants in China beginning in three major provinces and then expanding. Guodian Power Development is one of China’s largest power generators.
Guodian Power is a smaller sub company for China Guodian, which is one of five big nationally run power groups. The company holds power plants in 29 different Chinese provinces.
China Guodian boasts a total of 7,490 megawatts—including 6,687 MW of thermal, 471 MW of hydro, and 325.6 MW of wind power in energy capacity. The company wants to add solar to this list, aiming to install 510 MW in China by 2012.
Canadian Solar is based in Canada, but manufacturers its products in China. Products the company produces include ingots, wafers, solar cells and modules, as well as solar systems, which they then distribute to customers around the globe. They have a sales and distribution deal out of Spain, and a supply contract for Germany.
The company will expand by 820 MW this period in order to be able to accommodate their new deal with China Guodian. Guodian Power will maintain the largest share in interest for the projects, however Canadian Solar holds the rights to sell its products at estimated market prices.
No comments:
Post a Comment