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Suntech Power Holdings Co. Ltd. will develop a 10-megawatt (MW) solar power plant in Dongtai, Jiangsu Province in conjunction with its strategic partner Huadian New Energy Development Co. Ltd. (HNE). Suntech will supply solar modules and design and manage the installation of the plant. Suntech holds a minority share of the project.
The project will be the first to be initiated through Suntech's strategic agreement with HNE announced in July 2009.
The Dongtai solar plant, which is targeted to be completed by the end of 2009, will be powered by more than 37,000 Suntech solar panels. The project is expected to be supported by the Jiangsu Province’s feed-in-tariff policy that provides ¥2.15/kWh [US $0.31/kWh] for ground-mount solar projects completed in 2009.
“We applaud the positive incentive policies and decisive steps taken in 2009 both at national and provincial levels to support solar energy development and establish a greener economy in our country. In particular, Jiangsu Province has shown great leadership with the introduction of their solar subsidy earlier this year. We are also pleased to see that other provinces are developing similar policies that will encourage greater investment in solar projects in China," said Dr. Zhengrong Shi, Suntech's chairman and CEO.
The project will be the first to be initiated through Suntech’s strategic agreement with HNE announced in July 2009. Under the agreement, the two partners will develop utility-scale and commercial roof-top solar projects in China's sun-rich western provinces, Jiangsu province and Shanghai.
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