Sinohydro Group invests in 40MW PV farm in China

http://www.pv-tech.org/news/23756
By Julia Chan - 21 December 2012

Chinese hydroelectric dam builder Sinohydro Group has approved plans to construct a 40MW PV facility in the Chinese province of Gansu.

Sinohydro’s board of directors have given the go-ahead to invest RMB443 million (US$71.1 million) in a 40MW PV plant. The project forms part of a larger renewable energy plan to build two wind farms in the country. The company will invest a total of RMB1.36 billion in the three projects. 

Sinohydro has also revealed that it is considering investing an additional RMB1.2 billion to establish a finance arm in order to strengthen the company’s capital management and broaden its financing channels.